Gran Tierra Energy (TSE:GTE) Stock Price Crosses Below 200-Day Moving Average – Should You Sell?

Gran Tierra Energy Inc. (TSE:GTE) (NYSEMKT:GTE)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$9.97 and traded as low as C$8.93. Gran Tierra Energy shares last traded at C$8.98, with a volume of 29,729 shares traded.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Canaccord Genuity Group raised shares of Gran Tierra Energy from a “hold” rating to a “buy” rating and lifted their price objective for the company from C$10.00 to C$14.00 in a research note on Tuesday, April 14th. Roth Capital upgraded Gran Tierra Energy from a “neutral” rating to a “buy” rating and set a C$14.50 target price for the company in a research note on Tuesday, June 16th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$12.50.

Gran Tierra Energy Stock Performance

The company has a quick ratio of 0.58, a current ratio of 0.53 and a debt-to-equity ratio of 572.05. The stock has a market cap of C$331.68 million, a price-to-earnings ratio of -1.13, a P/E/G ratio of 0.23 and a beta of -0.42. The company has a 50 day simple moving average of C$10.02 and a 200 day simple moving average of C$9.99.

Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) last posted its quarterly earnings results on Friday, May 8th. The company reported C($4.70) earnings per share for the quarter. The company had revenue of C$239.21 million during the quarter. Gran Tierra Energy had a negative net margin of 48.52% and a negative return on equity of 107.11%. As a group, equities research analysts forecast that Gran Tierra Energy Inc. will post 0.1092044 EPS for the current year.

Gran Tierra Energy Company Profile

Gran Tierra Energy Inc is an independent energy company. It is engaged in the acquisition, exploration, development, and production of oil and gas properties in proven, under-explored hydrocarbon basins that have access to established infrastructure. The firm produces primarily light crude oil, supplemented with medium crude and natural gas. Gran Tierra holds interests in producing and prospective properties in Colombia and prospective properties in Ecuador. The company has a strategy that focuses on establishing a portfolio of producing properties, plus production enhancement and exploration opportunities to provide a base for future growth.