Gran Tierra Energy (TSE:GTE) Reaches New 52-Week High – What’s Next?

Shares of Gran Tierra Energy Inc. (TSE:GTE) (NYSEMKT:GTE) hit a new 52-week high during trading on Monday. The stock traded as high as C$15.86 and last traded at C$15.90, with a volume of 82,435 shares. The stock had previously closed at C$15.41.

Wall Street Analysts Forecast Growth

Separately, Roth MKM increased their price objective on shares of Gran Tierra Energy from C$17.50 to C$18.50 in a report on Wednesday, September 23rd. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$13.70.

Gran Tierra Energy Price Performance

The firm has a market cap of C$562.54 million, a PE ratio of -2.20, a PEG ratio of 0.23 and a beta of -0.42. The firm has a fifty day simple moving average of C$14.29 and a two-hundred day simple moving average of C$12.05. The company has a debt-to-equity ratio of 451.88, a quick ratio of 0.58 and a current ratio of 0.48.

About Gran Tierra Energy

Gran Tierra Energy Inc, together with its subsidiaries, is an independent international energy company currently focused on oil and natural gas exploration and production in Canada, Colombia, Ecuador and Azerbaijan. Upon completion of the Transaction described in this press release, the Company’s producing operations will be focused on Canada, and the Company will continue to pursue its exploration interests in Azerbaijan and additional new growth opportunities that would further strengthen the Company’s portfolio.