Gran Tierra Energy (TSE:GTE) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

Gran Tierra Energy Inc. (TSE:GTE) (NYSEMKT:GTE) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$10.01 and traded as low as C$8.81. Gran Tierra Energy shares last traded at C$9.04, with a volume of 117,961 shares trading hands.

Analysts Set New Price Targets

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

Gran Tierra Energy Stock Down 5.3 %

The business’s fifty day moving average price is C$9.83 and its 200 day moving average price is C$10.01. The company has a quick ratio of 0.58, a current ratio of 0.75 and a debt-to-equity ratio of 147.61. The firm has a market capitalization of C$277.08 million, a PE ratio of 4.20, a PEG ratio of 0.23 and a beta of 1.57.

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

Insider Buying and Selling

In other Gran Tierra Energy news, Director Ronald William Royal sold 19,967 shares of the company’s 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 currently owned by corporate insiders.

About Gran Tierra Energy

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.