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

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.

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.

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

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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