Gran Tierra Energy (TSE:GTE) Shares Pass Below 200 Day Moving Average – Here’s What Happened

Gran Tierra Energy Inc. (TSE:GTE) (NYSEMKT:GTE)’s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$11.39 and traded as low as C$8.60. Gran Tierra Energy shares last traded at C$9.17, with a volume of 45,819 shares trading hands.

Analysts Set New Price Targets

Separately, Royal Bank of Canada cut their target price on Gran Tierra Energy from C$11.00 to C$10.00 in a research note on Tuesday, September 17th.

Gran Tierra Energy Stock Performance

The stock has a market cap of C$280.14 million, a price-to-earnings ratio of 4.31, a P/E/G ratio of 0.23 and a beta of 1.58. The company has a quick ratio of 0.58, a current ratio of 0.75 and a debt-to-equity ratio of 147.61. The company has a 50 day simple moving average of C$9.99 and a 200 day simple moving average of C$11.38.

Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) last issued its earnings results on Wednesday, July 31st. The company reported C$0.85 earnings per share for the quarter. The firm had revenue of C$121.04 million for the quarter. Gran Tierra Energy had a net margin of 7.68% and a return on equity of 12.50%. As a group, equities research analysts forecast that Gran Tierra Energy Inc. will post 0.4169525 EPS for the current 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.