Gran Tierra Energy (TSE:GTE) Stock Price Crosses Above 50 Day Moving Average of $9.04

Shares of Gran Tierra Energy Inc. (TSE:GTE) (NYSEMKT:GTE) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$9.04 and traded as high as C$11.27. Gran Tierra Energy shares last traded at C$11.15, with a volume of 70,127 shares traded.

Wall Street Analysts Forecast Growth

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

Gran Tierra Energy Trading Up 1.3 %

The company has a current ratio of 0.43, a quick ratio of 0.58 and a debt-to-equity ratio of 143.10. The stock has a 50-day simple moving average of C$9.04 and a 200 day simple moving average of C$8.33. The company has a market cap of C$360.37 million, a price-to-earnings ratio of -42.88, a PEG ratio of 0.13 and a beta of 1.63.

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

Gran Tierra Energy Company Profile

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.