Gran Tierra Energy (TSE:GTE) Share Price Crosses Above 50 Day Moving Average of $9.85

Gran Tierra Energy Inc. (TSE:GTE) (NYSEMKT:GTE)’s share price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$9.85 and traded as high as C$12.28. Gran Tierra Energy shares last traded at C$12.13, with a volume of 72,055 shares trading hands.

Analyst Ratings Changes

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

Gran Tierra Energy Stock Up 2.6 %

The stock has a market cap of C$392.04 million, a price-to-earnings ratio of -46.65, a price-to-earnings-growth ratio of 0.13 and a beta of 1.63. The firm’s fifty day moving average price is C$9.85 and its two-hundred day moving average price is C$8.50. The company has a debt-to-equity ratio of 155.04, a current ratio of 0.65 and a quick ratio of 0.58.

Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) last announced its quarterly earnings data on Tuesday, February 20th. The company reported C$0.31 EPS for the quarter. The firm had revenue of C$210.96 million during the quarter. Gran Tierra Energy had a return on equity of 0.85% and a net margin of 0.51%. Sell-side analysts forecast that Gran Tierra Energy Inc. will post 1.6059783 earnings per share for the current fiscal 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.