Gran Tierra Energy (LON:GTE) Stock Price Down 5% – Here’s What Happened

Gran Tierra Energy Inc. (LON:GTE)’s stock price was down 5% during mid-day trading on Thursday . The stock traded as low as GBX 755 and last traded at GBX 755. 389 shares were traded during trading, a decline of 86% from the average daily volume of 2,766 shares. The stock had previously closed at GBX 795.

Wall Street Analysts Forecast Growth

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

Gran Tierra Energy Stock Down 2.4%

The business has a fifty day moving average of GBX 629.14 and a 200 day moving average of GBX 585.60. The firm has a market cap of £271.01 million, a P/E ratio of -1.06, a P/E/G ratio of 0.23 and a beta of 0.16.

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.