Gran Tierra Energy (LON:GTE) Sets New 1-Year High – Time to Buy?

Gran Tierra Energy Inc. (LON:GTEGet Free Report) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 848 and last traded at GBX 705, with a volume of 24191 shares traded. The stock had previously closed at GBX 515.

Wall Street Analyst Weigh In

Separately, Peel Hunt restated a “buy” rating and issued a GBX 1,119 price target on shares of Gran Tierra Energy in a report on Wednesday. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Gran Tierra Energy currently has an average rating of “Buy” and a consensus target price of GBX 1,119.

View Our Latest Report on GTE

Gran Tierra Energy Price Performance

The business’s fifty day moving average price is GBX 508.19 and its 200-day moving average price is GBX 516.60. The stock has a market capitalization of £249.29 million, a PE ratio of -0.85, a P/E/G ratio of 0.23 and a beta of 0.13.

About Gran Tierra Energy

(Get Free Report)

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.

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