Gran Tierra Energy (TSE:GTE) Shares Pass Above 50 Day Moving Average of $8.53

Shares of Gran Tierra Energy Inc. (TSE:GTE) (NYSEMKT:GTE) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$8.53 and traded as high as C$11.20. Gran Tierra Energy shares last traded at C$11.17, with a volume of 38,644 shares trading hands.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada raised their price target on Gran Tierra Energy from C$9.00 to C$10.00 and gave the company a “sector perform” rating in a report on Wednesday, March 13th.

Gran Tierra Energy Price Performance

The stock has a fifty day moving average of C$8.71 and a two-hundred day moving average of C$8.26. The stock has a market capitalization of C$359.40 million, a price-to-earnings ratio of -42.77, a PEG ratio of 0.13 and a beta of 1.63. The company has a current ratio of 0.43, a quick ratio of 0.58 and a debt-to-equity ratio of 143.10.

Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) last released its quarterly earnings results on Tuesday, February 20th. The company reported C$0.31 earnings per share for the quarter. The firm had revenue of C$210.96 million during the quarter. Gran Tierra Energy had a negative return on equity of 1.54% and a negative net margin of 0.99%. As a group, equities research analysts forecast that Gran Tierra Energy Inc. will post 1.3317422 earnings per share for the current year.

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.