Gran Tierra Energy (TSE:GTE) Share Price Crosses Below Two Hundred Day Moving Average of $0.41

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Gran Tierra Energy Inc (TSE:GTE) (NYSEMKT:GTE) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.41 and traded as low as $0.30. Gran Tierra Energy shares last traded at $0.31, with a volume of 217,304 shares changing hands.

Several equities analysts have weighed in on GTE shares. Cormark lifted their target price on Gran Tierra Energy from C$0.50 to C$0.55 in a research report on Friday, July 17th. Eight Capital dropped their target price on Gran Tierra Energy from C$1.50 to C$0.85 in a research report on Wednesday, September 16th. Finally, National Bank Financial boosted their price objective on Gran Tierra Energy from C$0.30 to C$0.50 and gave the stock a “sector perform” rating in a research report on Wednesday, June 24th.

The firm has a 50 day moving average of C$0.35 and a two-hundred day moving average of C$0.41. The stock has a market cap of $108.26 million and a PE ratio of -0.17. The company has a debt-to-equity ratio of 192.59, a current ratio of 1.38 and a quick ratio of 1.24.

Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) last posted its earnings results on Tuesday, August 4th. The company reported C$0.11 earnings per share for the quarter. The business had revenue of C$46.90 million for the quarter. As a group, equities analysts anticipate that Gran Tierra Energy Inc will post -0.14 EPS for the current fiscal year.

About Gran Tierra Energy (TSE:GTE)

Gran Tierra Energy Inc, together with its subsidiaries, engages in the exploration and production of oil and gas properties in Colombia. As of December 31, 2017, the company had total proved undeveloped reserves of 19.6 million barrels of oil equivalent. Gran Tierra Energy Inc was incorporated in 2003 and is headquartered in Calgary, Canada.

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