Gran Tierra Energy (TSE:GTE) Share Price Passes Below Two Hundred Day Moving Average – What’s Next?

Shares of Gran Tierra Energy Inc. (TSE:GTE) (NYSEMKT:GTE) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$9.79 and traded as low as C$7.97. Gran Tierra Energy shares last traded at C$8.10, with a volume of 29,948 shares traded.

Analyst Upgrades and Downgrades

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

Gran Tierra Energy Stock Down 1.9 %

The company has a current ratio of 0.75, a quick ratio of 0.58 and a debt-to-equity ratio of 147.61. The firm has a market cap of C$248.27 million, a price-to-earnings ratio of 3.77, a PEG ratio of 0.23 and a beta of 1.57. The firm’s 50 day simple moving average is C$9.78 and its two-hundred day simple moving average is C$9.79.

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

Insiders Place Their Bets

In other news, Director Ronald William Royal sold 19,967 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of C$9.67, for a total value of C$193,080.89. Corporate insiders own 3.32% of the company’s stock.

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.