Gran Tierra Energy (TSE:GTE) Sets New 52-Week High – Still a Buy?

Gran Tierra Energy Inc. (TSE:GTE) (NYSEMKT:GTE) reached a new 52-week high on Thursday . The company traded as high as C$8.68 and last traded at C$8.49, with a volume of 203141 shares. The stock had previously closed at C$7.70.

Wall Street Analyst Weigh In

A number of research firms have weighed in on GTE. Royal Bank Of Canada reduced their target price on shares of Gran Tierra Energy from C$8.00 to C$6.50 and set a “sector perform” rating on the stock in a report on Friday, December 12th. Roth Mkm lowered Gran Tierra Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday. Finally, Canaccord Genuity Group cut shares of Gran Tierra Energy from a “buy” rating to a “hold” rating and set a C$8.00 price target for the company. in a report on Tuesday. Four investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of C$8.17.

Gran Tierra Energy Stock Down 12.6%

The stock’s 50 day moving average is C$6.28 and its 200 day moving average is C$5.94. The company has a market capitalization of C$260.13 million, a PE ratio of -2.87, a PEG ratio of 0.23 and a beta of 0.87. 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 (TSE:GTE) (NYSEMKT:GTE) last posted its earnings results on Thursday, October 30th. The company reported C($0.57) earnings per share (EPS) for the quarter. The firm had revenue of C$207.82 million during the quarter. Gran Tierra Energy had a return on equity of 11.08% and a net margin of 7.17%. On average, sell-side analysts anticipate that Gran Tierra Energy Inc. will post 0.1092044 EPS for the current fiscal year.

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. Gran Tierra holds interests in producing and prospective properties in Colombia and prospective properties in Ecuador. The company has a strategy that focuses on establishing a portfolio of producing properties, plus production enhancement and exploration opportunities to provide a base for future growth.