Gran Tierra Energy (LON:GTE) Trading Down 4.9% – Here’s Why

Gran Tierra Energy Inc. (LON:GTEGet Free Report) dropped 4.9% during trading on Wednesday . The company traded as low as GBX 670 and last traded at GBX 675. Approximately 738 shares traded hands during trading, a decline of 74% from the average session volume of 2,881 shares. The stock had previously closed at GBX 710.

Wall Street Analyst Weigh In

Separately, Peel Hunt reissued a “buy” rating and set a GBX 1,119 price target on shares of Gran Tierra Energy in a research note on Wednesday, August 5th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of GBX 1,119.

Read Our Latest Report on GTE

Gran Tierra Energy Stock Performance

The firm has a market capitalization of £247.52 million, a price-to-earnings ratio of -0.84, a P/E/G ratio of 0.23 and a beta of 0.16. The business has a fifty day moving average price of GBX 545.51 and a 200 day moving average price of GBX 551.92.

Gran Tierra Energy Company Profile

(Get Free Report)

Gran Tierra Energy Inc, together with its subsidiaries, engages in the exploration and production of oil and gas properties in Colombia and Ecuador. The company was founded in 2003 and is headquartered in Calgary, Canada.

Recommended Stories

Receive News & Ratings for Gran Tierra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gran Tierra Energy and related companies with MarketBeat.com's FREE daily email newsletter.