Gran Tierra Energy (TSE:GTE) Sets New 12-Month High – Still a Buy?

Gran Tierra Energy Inc. (TSE:GTE) (NYSEMKT:GTE) reached a new 52-week high during trading on Thursday . The stock traded as high as C$12.65 and last traded at C$12.48, with a volume of 94876 shares traded. The stock had previously closed at C$11.87.

Wall Street Analysts Forecast Growth

GTE has been the topic of several research analyst reports. Royal Bank Of Canada lowered their target price 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 note on Friday, December 12th. Canaccord Genuity Group downgraded shares of Gran Tierra Energy from a “buy” rating to a “hold” rating and set a C$8.00 target price on the stock. in a report on Tuesday, January 27th. Finally, Roth Mkm cut Gran Tierra Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 29th. Four analysts have rated the stock with a Hold rating, According to MarketBeat, Gran Tierra Energy presently has an average rating of “Hold” and a consensus price target of C$8.17.

Gran Tierra Energy Trading Up 2.0%

The stock has a market cap of C$427.47 million, a PE ratio of -2.22, a PEG ratio of 0.23 and a beta of 1.01. The company has a debt-to-equity ratio of 316.85, a quick ratio of 0.58 and a current ratio of 0.60. The stock has a fifty day moving average price of C$8.81 and a 200 day moving average price of C$6.90.

Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) last issued 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 firm had revenue of C$169.06 million for the quarter. Equities analysts expect that Gran Tierra Energy Inc. will post 0.1092044 EPS 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.