Free Trial

Gran Tierra Energy (TSE:GTE) Stock Price Crosses Above Fifty Day Moving Average - Here's What Happened

Gran Tierra Energy logo with Energy background

Key Points

  • Gran Tierra Energy's stock price has crossed above its fifty day moving average, currently trading at C$5.68 with a volume of 67,251 shares.
  • Analysts have set a consensus target price of C$10.17 for Gran Tierra Energy, with Royal Bank of Canada recently lowering its price target to C$8.50.
  • The company has a market capitalization of C$200.45 million and a debt-to-equity ratio of 176.57, indicating significant leverage.
  • Five stocks we like better than Gran Tierra Energy.

Gran Tierra Energy Inc. (TSE:GTE - Get Free Report) NYSEMKT: GTE's share price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$5.66 and traded as high as C$5.68. Gran Tierra Energy shares last traded at C$5.68, with a volume of 67,251 shares traded.

Analysts Set New Price Targets

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

Check Out Our Latest Report on Gran Tierra Energy

Gran Tierra Energy Trading Up 5.2%

The business has a fifty day simple moving average of C$5.66 and a 200-day simple moving average of C$6.30. 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$200.45 million, a price-to-earnings ratio of -2.91, a PEG ratio of 0.23 and a beta of 0.70.

Gran Tierra Energy Company Profile

(Get Free Report)

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.

Recommended Stories

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Gran Tierra Energy Right Now?

Before you consider Gran Tierra Energy, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Gran Tierra Energy wasn't on the list.

While Gran Tierra Energy currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Reduce the Risk Cover

Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.

Get This Free Report
Like this article? Share it with a colleague.