Gran Tierra Energy (TSE:GTE) Share Price Crosses Below 200-Day Moving Average - Should You Sell?

Key Points

• Gran Tierra Energy Inc. shares have fallen below the 200-day moving average of C$6.44, trading as low as C$5.50.
• Royal Bank Of Canada has reduced its target price for Gran Tierra Energy from C$9.00 to C$8.50, while the average price target from analysts stands at C$10.17.
• The company's current market cap is C$196.57 million, with a negative PE ratio of -2.86 and a high debt-to-equity ratio of 176.57.

Gran Tierra Energy Inc. (TSE:GTE - Get Free Report) NYSEMKT: GTE's stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$6.44 and traded as low as C$5.50. Gran Tierra Energy shares last traded at C$5.57, with a volume of 16,893 shares trading hands.

Analyst Upgrades and Downgrades

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

Gran Tierra Energy Price Performance

The company's fifty day moving average is C$5.85 and its two-hundred day moving average is C$6.37. The company has a debt-to-equity ratio of 176.57, a quick ratio of 0.58 and a current ratio of 1.31. The firm has a market cap of C$189.87 million, a price-to-earnings ratio of -2.76, 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.