Gran Tierra Energy (TSE:GTE) Shares Cross Below Two Hundred Day Moving Average of $11.38

Gran Tierra Energy Inc. (TSE:GTE) (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.

Gran Tierra Energy Price Performance

The company has a market cap of C$261.75 million, a price-to-earnings ratio of 4.01, a price-to-earnings-growth ratio of 0.23 and a beta of 1.58. The company has a current ratio of 0.75, a quick ratio of 0.58 and a debt-to-equity ratio of 147.61. The company has a fifty day moving average price of C$10.64 and a two-hundred day moving average price of C$11.38.

Gran Tierra Energy (TSE:GTE) (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.