Gran Tierra Energy (TSE:GTE) Shares Pass Above 50 Day Moving Average of $8.53

Shares of Gran Tierra Energy Inc. (TSE:GTE) (NYSEMKT:GTE) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$8.53 and traded as high as C$11.20. Gran Tierra Energy shares last traded at C$11.17, with a volume of 38,644 shares trading hands.

Analyst Ratings Changes

Separately, Royal Bank of Canada boosted their price target on Gran Tierra Energy from C$9.00 to C$10.00 and gave the company a “sector perform” rating in a research note on Wednesday, March 13th.

Gran Tierra Energy Trading Up 0.1 %

The company has a quick ratio of 0.58, a current ratio of 0.43 and a debt-to-equity ratio of 143.10. The firm has a market capitalization of C$359.40 million, a P/E ratio of -42.77, a PEG ratio of 0.13 and a beta of 1.63. The firm has a 50 day moving average of C$8.71 and a 200-day moving average of C$8.26.

Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) last issued its quarterly earnings results on Tuesday, February 20th. The company reported C$0.31 earnings per share (EPS) for the quarter. The business had revenue of C$210.96 million during the quarter. Gran Tierra Energy had a negative return on equity of 1.54% and a negative net margin of 0.99%. On average, equities research analysts predict that Gran Tierra Energy Inc. will post 1.3317422 earnings per share for the current fiscal year.

About Gran Tierra Energy

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.