Gran Tierra Energy Inc. (TSE:GTE – Get Free Report) (NYSEMKT:GTE)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$11.38 and traded as low as C$8.33. Gran Tierra Energy shares last traded at C$8.54, with a volume of 33,325 shares.
Analyst Upgrades and Downgrades
Separately, Royal Bank of Canada reduced their target price on Gran Tierra Energy from C$11.00 to C$10.00 in a report on Tuesday, September 17th.
Read Our Latest Stock Report on GTE
Gran Tierra Energy Price Performance
Gran Tierra Energy (TSE:GTE – Get Free Report) (NYSEMKT:GTE) last released its quarterly earnings results on Wednesday, July 31st. The company reported C$0.85 earnings per share for the quarter. Gran Tierra Energy had a return on equity of 12.50% and a net margin of 7.68%. The firm had revenue of C$121.04 million during the quarter. As a group, equities research analysts anticipate that Gran Tierra Energy Inc. will post 0.4175101 EPS for the current fiscal year.
About Gran Tierra Energy
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.
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