Gran Tierra Energy (TSE:GTE) Stock Crosses Below Two Hundred Day Moving Average of $11.38

Gran Tierra Energy Inc. (TSE:GTE) (NYSEMKT:GTE) shares passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$11.38 and traded as low as C$8.33. Gran Tierra Energy shares last traded at C$8.54, with a volume of 33,325 shares changing hands.

Analysts Set New Price Targets

Separately, Royal Bank of Canada reduced their price objective on Gran Tierra Energy from C$11.00 to C$10.00 in a research note on Tuesday, September 17th.

Gran Tierra Energy Stock Up 2.4 %

The company has a debt-to-equity ratio of 147.61, a current ratio of 0.75 and a quick ratio of 0.58. The stock has a market capitalization of C$261.75 million, a price-to-earnings ratio of 4.01, a PEG ratio of 0.23 and a beta of 1.58. The firm’s fifty day moving average is C$10.64 and its 200-day moving average is C$11.38.

Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) last issued its earnings results on Wednesday, July 31st. The company reported C$0.85 earnings per share for the quarter. Gran Tierra Energy had a net margin of 7.68% and a return on equity of 12.50%. The company had revenue of C$121.04 million for the quarter. On average, sell-side analysts predict that Gran Tierra Energy Inc. will post 0.4175101 earnings per share for the current year.

Gran Tierra Energy Company Profile

Gran Tierra Energy Inc, together with its subsidiaries, engages in the exploration and production of oil and gas properties in Colombia and Ecuador. The company was founded in 2003 and is headquartered in Calgary, Canada.