Gran Tierra Energy (TSE:GTE) Stock Price Up 8.3% – Should You Buy?

Gran Tierra Energy Inc. (TSE:GTE) (NYSEMKT:GTE)’s stock price rose 8.3% during mid-day trading on Tuesday . The company traded as high as C$5.35 and last traded at C$5.35. Approximately 109,725 shares traded hands during trading, an increase of 145% from the average daily volume of 44,766 shares. The stock had previously closed at C$4.94.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada decreased their target price on Gran Tierra Energy from C$9.00 to C$8.50 and set a “sector perform” rating on the stock in a research report on Friday, August 1st. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of C$10.17.

Gran Tierra Energy Stock Up 10.5%

The business has a fifty day simple moving average of C$5.70 and a two-hundred day simple moving average of C$6.14. The company has a current ratio of 1.31, a quick ratio of 0.58 and a debt-to-equity ratio of 176.57. The company has a market cap of C$192.72 million, a PE ratio of -2.80, a price-to-earnings-growth ratio of 0.23 and a beta of 0.71.

About Gran Tierra Energy

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.