Shares of Gran Tierra Energy Inc. (TSE:GTE - Get Free Report) NYSEMKT: GTE passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$5.74 and traded as high as C$5.89. Gran Tierra Energy shares last traded at C$5.64, with a volume of 64,952 shares trading hands.
Wall Street Analyst Weigh In
Separately, Royal Bank Of Canada lowered their price objective on Gran Tierra Energy from C$9.00 to C$8.50 and set a "sector perform" rating on the stock in a research report on Friday, August 1st. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of C$10.17.
Check Out Our Latest Research Report on GTE
Gran Tierra Energy Price Performance
The firm has a fifty day moving average price of C$5.74 and a two-hundred day moving average price of C$6.16. The stock has a market capitalization of C$199.04 million, a P/E ratio of -2.89, a PEG ratio of 0.23 and a beta of 0.71. The company has a debt-to-equity ratio of 176.57, a quick ratio of 0.58 and a current ratio of 1.31.
Gran Tierra Energy Company Profile
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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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