Gran Tierra Energy (TSE:GTE) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

Gran Tierra Energy Inc. (TSE:GTE) (NYSEMKT:GTE)’s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$10.01 and traded as low as C$8.81. Gran Tierra Energy shares last traded at C$9.04, with a volume of 117,961 shares.

Analysts Set New Price Targets

Several research analysts have weighed in on GTE shares. Royal Bank of Canada decreased their price objective on shares of Gran Tierra Energy from C$10.00 to C$9.50 in a report on Monday, October 7th. Canaccord Genuity Group set a C$12.00 price objective on shares of Gran Tierra Energy and gave the stock a “buy” rating in a report on Wednesday, November 27th.

Gran Tierra Energy Stock Performance

The company’s fifty day simple moving average is C$9.83 and its two-hundred day simple moving average is C$10.01. The company has a debt-to-equity ratio of 147.61, a quick ratio of 0.58 and a current ratio of 0.75. The company has a market capitalization of C$277.08 million, a price-to-earnings ratio of 4.20, a price-to-earnings-growth ratio of 0.23 and a beta of 1.57.

Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) last posted its quarterly earnings results on Monday, November 4th. The company reported C$0.10 EPS for the quarter. Gran Tierra Energy had a net margin of 7.68% and a return on equity of 12.50%. Equities research analysts predict that Gran Tierra Energy Inc. will post 0.1092044 earnings per share for the current fiscal year.

Insider Activity at Gran Tierra Energy

In related news, Director Ronald William Royal sold 19,967 shares of Gran Tierra Energy stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of C$9.67, for a total value of C$193,080.89. 3.32% of the stock is currently owned by insiders.

About Gran Tierra Energy

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.