Gran Tierra Energy (TSE:GTE) Hits New 1-Year High – Here’s What Happened

Gran Tierra Energy Inc. (TSE:GTE) (NYSEMKT:GTE) shares hit a new 52-week high during trading on Monday . The company traded as high as C$11.71 and last traded at C$11.08, with a volume of 99725 shares traded. The stock had previously closed at C$10.68.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Royal Bank Of Canada reduced their price target on shares of Gran Tierra Energy from C$8.00 to C$6.50 and set a “sector perform” rating for the company in a report on Friday, December 12th. Canaccord Genuity Group downgraded shares of Gran Tierra Energy from a “buy” rating to a “hold” rating and set a C$8.00 price objective on the stock. in a research report on Tuesday, January 27th. Finally, Roth Mkm lowered shares of Gran Tierra Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 29th. Four analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of C$8.17.

Gran Tierra Energy Stock Performance

The company has a market cap of C$374.14 million, a P/E ratio of -4.12, a PEG ratio of 0.23 and a beta of 1.01. The company has a quick ratio of 0.58, a current ratio of 0.60 and a debt-to-equity ratio of 316.85. The company has a 50 day moving average price of C$7.61 and a 200-day moving average price of C$6.45.

Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) last issued its quarterly earnings data on Wednesday, March 4th. The company reported C($5.43) earnings per share for the quarter. The company had revenue of C$169.06 million for the quarter. Gran Tierra Energy had a negative net margin of 32.07% and a negative return on equity of 56.05%. Equities analysts expect that Gran Tierra Energy Inc. will post 0.1092044 EPS for the current fiscal year.

Gran Tierra Energy Company Profile

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. Gran Tierra holds interests in producing and prospective properties in Colombia and prospective properties in Ecuador. The company has a strategy that focuses on establishing a portfolio of producing properties, plus production enhancement and exploration opportunities to provide a base for future growth.