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

Gran Tierra Energy Inc. (LON:GTE) shares hit a new 52-week high on Wednesday. The company traded as high as GBX 850 and last traded at GBX 804, with a volume of 1,682 shares. The stock had previously closed at GBX 815.

Analysts Set New Price Targets

Separately, Peel Hunt restated a “buy” rating and set a GBX 1,119 target price on shares of Gran Tierra Energy in a report on Wednesday, August 5th. One analyst has rated the stock with a Buy rating. Based on data from MarketBeat, Gran Tierra Energy has a consensus rating of “Buy” and a consensus target price of GBX 1,119.

Gran Tierra Energy Trading Up 4.3%

The stock has a market cap of £311.70 million, a PE ratio of -1.22, a P/E/G ratio of 0.23 and a beta of 0.16. The business has a fifty day simple moving average of GBX 731.27 and a two-hundred day simple moving average of GBX 615.78.

Insiders Place Their Bets

In other news, insider Gary Guidry purchased 394 shares of Gran Tierra Energy stock in a transaction that occurred on Thursday, September 17th. The shares were bought at an average cost of GBX 1,059 per share, with a total value of £4,172.46. 47.74% of the stock is currently owned by insiders.

Gran Tierra Energy Company Profile

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.