Gran Tierra Energy Inc. (TSE:GTE – Get Free Report) (NYSEMKT:GTE) hit a new 52-week high during mid-day trading on Monday. The company traded as high as C$15.86 and last traded at C$15.90, with a volume of 82,435 shares changing hands. The stock had previously closed at C$15.41.
Analyst Upgrades and Downgrades
Separately, Roth MKM raised their price target on Gran Tierra Energy from C$17.50 to C$18.50 in a research note on Wednesday, September 23rd. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Gran Tierra Energy has a consensus rating of “Moderate Buy” and a consensus price target of C$13.70.
Check Out Our Latest Stock Report on GTE
Gran Tierra Energy Stock Up 4.1%
The firm has a market capitalization of C$567.50 million, a price-to-earnings ratio of -2.22, a PEG ratio of 0.23 and a beta of -0.42. The business’s fifty day moving average price is C$14.17 and its 200 day moving average price is C$11.99. The company has a current ratio of 0.48, a quick ratio of 0.58 and a debt-to-equity ratio of 451.88.
Gran Tierra Energy Company Profile
Gran Tierra Energy Inc, together with its subsidiaries, is an independent international energy company currently focused on oil and natural gas exploration and production in Canada, Colombia, Ecuador and Azerbaijan. Upon completion of the Transaction described in this press release, the Company’s producing operations will be focused on Canada, and the Company will continue to pursue its exploration interests in Azerbaijan and additional new growth opportunities that would further strengthen the Company’s portfolio.
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