Gran Tierra Energy (TSE:GTE) Stock Passes 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.

Wall Street Analysts Forecast Growth

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

Gran Tierra Energy Trading Up 2.6 %

The business has a 50 day simple moving average of C$9.85 and a 200-day simple moving average of C$8.50. The stock has a market capitalization of C$392.04 million, a price-to-earnings ratio of -46.65, a PEG ratio of 0.13 and a beta of 1.63. 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 issued its quarterly earnings data on Tuesday, February 20th. The company reported C$0.31 earnings per share (EPS) for the quarter. The business 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%. As a group, equities analysts expect that Gran Tierra Energy Inc. will post 1.6059783 earnings per share for the current 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.