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

Gran Tierra Energy Inc. (TSE:GTE) (NYSEMKT:GTE)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$12.65 and last traded at C$12.48, with a volume of 94876 shares. The stock had previously closed at C$11.87.

Analysts Set New Price Targets

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

Gran Tierra Energy Stock Performance

The company has a current ratio of 0.60, a quick ratio of 0.58 and a debt-to-equity ratio of 316.85. The firm’s fifty day moving average price is C$9.04 and its two-hundred day moving average price is C$6.99. The stock has a market capitalization of C$445.47 million, a PE ratio of -2.32, a price-to-earnings-growth ratio of 0.23 and a beta of 1.01.

Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) last announced its quarterly earnings results on Wednesday, March 4th. The company reported C($5.43) earnings per share (EPS) for the quarter. Gran Tierra Energy had a negative return on equity of 56.05% and a negative net margin of 32.07%.The firm had revenue of C$169.06 million for the quarter. As a group, equities 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.