Gran Tierra Energy (LON:GTE) Hits New 1-Year High – Here’s What Happened

Gran Tierra Energy Inc. (LON:GTE)’s stock price reached a new 52-week high during trading on Wednesday. The company traded as high as GBX 850 and last traded at GBX 804, with a volume of 1,682 shares. The stock had previously closed at GBX 815.

Wall Street Analyst Weigh In

Separately, Peel Hunt reiterated a “buy” rating and set a GBX 1,119 price target on shares of Gran Tierra Energy in a research report on Wednesday, August 5th. One investment analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 1,119.

Gran Tierra Energy Price Performance

The company has a market capitalization of £284.46 million, a price-to-earnings ratio of -1.11, a price-to-earnings-growth ratio of 0.23 and a beta of 0.16. The business has a fifty day moving average price of GBX 725.27 and a 200 day moving average price of GBX 613.02.

Insider Buying and Selling at Gran Tierra Energy

In related news, insider Gary Guidry purchased 394 shares of the stock in a transaction on Thursday, September 17th. The shares were purchased at an average cost of GBX 1,059 per share, for a total transaction of £4,172.46. Corporate insiders own 47.74% of the company’s stock.

About Gran Tierra Energy

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.