Gran Tierra Energy (TSE:GTE) Share Price Crosses Above 50 Day Moving Average - Time to Sell?

Key Points

• Gran Tierra Energy's share price has recently crossed above its 50-day moving average, trading at C$5.98, which is above the average of C$5.66.
• Analysts have mixed opinions on the stock, with one rating it as a "Buy", two as "Hold", and a revised target price range of C$8.50 to C$10.00 from major firms.
• The company currently has a market cap of C$211.04 million and a high debt-to-equity ratio of 176.57, indicating potential financial risk.

Gran Tierra Energy Inc. (TSE:GTE - Get Free Report) NYSEMKT: GTE crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$5.66 and traded as high as C$6.12. Gran Tierra Energy shares last traded at C$5.98, with a volume of 24,809 shares changing hands.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on GTE. Royal Bank Of Canada decreased their target price on shares of Gran Tierra Energy from C$9.00 to C$8.50 and set a "sector perform" rating for the company in a research report on Friday, August 1st. Raymond James Financial set a C$10.00 price objective on shares of Gran Tierra Energy and gave the stock a "market perform" rating in a research report on Friday, June 20th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of C$10.17.

Gran Tierra Energy Trading Down 2.0%

The business's 50-day moving average price is C$5.66 and its two-hundred day moving average price is C$6.28. The company has a debt-to-equity ratio of 176.57, a current ratio of 1.31 and a quick ratio of 0.58. The firm has a market cap of C$211.04 million, a price-to-earnings ratio of -3.07, a price-to-earnings-growth ratio of 0.23 and a beta of 0.70.

About Gran Tierra Energy

Gran Tierra Energy Inc is an independent energy company. It is engaged in the acquisition, exploration, development, and production of oil and gas properties in proven, under-explored hydrocarbon basins that have access to established infrastructure. The firm produces primarily light crude oil, supplemented with medium crude and natural gas.

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