Gran Tierra Energy (TSE:GTE) Trading Down 12.3% – What’s Next?

Gran Tierra Energy Inc. (TSE:GTE) (NYSEMKT:GTE)’s stock price was down 12.3% during trading on Wednesday . The stock traded as low as C$10.25 and last traded at C$10.53. Approximately 99,577 shares traded hands during trading, a decline of 5% from the average daily volume of 105,121 shares. The stock had previously closed at C$12.00.

Analysts Set New Price Targets

Several equities research analysts have commented on GTE shares. Royal Bank Of Canada cut their price target on shares of Gran Tierra Energy from C$8.00 to C$6.50 and set a “sector perform” rating on the stock in a research report on Friday, December 12th. Raymond James Financial raised shares of Gran Tierra Energy from a “hold” rating to a “moderate buy” rating and boosted their price target for the stock from C$9.00 to C$15.00 in a research report on Monday, March 30th. Canaccord Genuity Group cut shares of Gran Tierra Energy from a “buy” rating to a “hold” rating and set a C$8.00 price target on the stock. in a research report on Tuesday, January 27th. Finally, Roth Mkm cut shares of Gran Tierra Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 29th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Gran Tierra Energy has a consensus rating of “Hold” and an average target price of C$9.83.

Gran Tierra Energy Stock Performance

The firm has a market cap of C$368.17 million, a price-to-earnings ratio of -1.91, a price-to-earnings-growth ratio of 0.23 and a beta of -0.14. The stock’s 50 day moving average is C$9.82 and its 200 day moving average is C$7.37. The company has a current ratio of 0.60, a quick ratio of 0.58 and a debt-to-equity ratio of 316.85.

Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) last announced its quarterly earnings results on Wednesday, March 4th. The company reported C($5.43) EPS for the quarter. Gran Tierra Energy had a negative net margin of 32.07% and a negative return on equity of 56.05%. The company had revenue of C$169.06 million during the quarter. Analysts anticipate that Gran Tierra Energy Inc. will post 0.1092044 earnings per share for the current year.

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. Gran Tierra holds interests in producing and prospective properties in Colombia and prospective properties in Ecuador. The company has a strategy that focuses on establishing a portfolio of producing properties, plus production enhancement and exploration opportunities to provide a base for future growth.