Gran Tierra Energy (TSE:GTE) Shares Cross Below 200-Day Moving Average – What’s Next?

Gran Tierra Energy Inc. (TSE:GTE) (NYSEMKT:GTE)’s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred 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 trading hands.

Analyst Upgrades and Downgrades

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

Gran Tierra Energy Trading Down 1.9 %

The company has a market cap of C$248.27 million, a price-to-earnings ratio of 3.77, a price-to-earnings-growth ratio of 0.23 and a beta of 1.57. The company’s 50 day moving average price is C$9.78 and its 200 day moving average price is C$9.79. The company has a debt-to-equity ratio of 147.61, a quick ratio of 0.58 and a current ratio of 0.75.

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

Insider Activity at Gran Tierra Energy

In other news, Director Ronald William Royal sold 19,967 shares of Gran Tierra Energy stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of C$9.67, for a total transaction of C$193,080.89. 3.32% of the stock is owned by corporate insiders.

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.