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

Gran Tierra Energy Inc. (TSE:GTE) (NYSEMKT:GTE) shares reached a new 52-week high during trading on Monday . The company traded as high as C$11.75 and last traded at C$11.76, with a volume of 72501 shares trading hands. The stock had previously closed at C$11.25.

Analysts Set New Price Targets

Several research analysts have weighed in on GTE shares. Canaccord Genuity Group lowered Gran Tierra Energy from a “buy” rating to a “hold” rating and set a C$8.00 target price on the stock. in a report on Tuesday, January 27th. Royal Bank Of Canada lowered their price target on Gran Tierra Energy from C$8.00 to C$6.50 and set a “sector perform” rating for the company in a report on Friday, December 12th. Finally, Roth Mkm lowered Gran Tierra Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 29th. Four investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of C$8.17.

Gran Tierra Energy Trading Up 3.8%

The stock has a market cap of C$412.29 million, a price-to-earnings ratio of -2.14, a P/E/G ratio of 0.23 and a beta of 1.01. The business has a 50-day simple moving average of C$7.92 and a two-hundred day simple moving average of C$6.57. The company has a debt-to-equity ratio of 316.85, a quick ratio of 0.58 and a current ratio of 0.60.

Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) last posted its quarterly earnings data on Wednesday, March 4th. The company reported C($5.43) earnings per share (EPS) for the quarter. The business had revenue of C$169.06 million during the quarter. Gran Tierra Energy had a negative net margin of 32.07% and a negative return on equity of 56.05%. As a group, research analysts forecast that Gran Tierra Energy Inc. will post 0.1092044 EPS for the current 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.