Gran Tierra Energy (TSE:GTE) Stock Crosses Above Fifty Day Moving Average – What’s Next?

Gran Tierra Energy Inc. (TSE:GTE) (NYSEMKT:GTE)’s share price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$9.19 and traded as high as C$10.55. Gran Tierra Energy shares last traded at C$10.55, with a volume of 77,549 shares trading hands.

Analyst Upgrades and Downgrades

GTE has been the subject of a number of recent analyst reports. Royal Bank of Canada decreased their price target on Gran Tierra Energy from C$10.00 to C$9.50 in a report on Monday, October 7th. Canaccord Genuity Group set a C$12.00 price target on Gran Tierra Energy and gave the company a “buy” rating in a report on Wednesday, November 27th.

Gran Tierra Energy Trading Up 3.3 %

The stock has a market capitalization of C$334.09 million, a PE ratio of 5.07, a price-to-earnings-growth ratio of 0.23 and a beta of 1.57. The company has a debt-to-equity ratio of 147.61, a quick ratio of 0.58 and a current ratio of 0.75. The business’s 50-day moving average is C$9.22 and its two-hundred day moving average is C$10.37.

Insider Buying and Selling

In other news, Director Ronald William Royal sold 19,967 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of C$9.67, for a total transaction of C$193,080.89. 3.32% of the stock is currently owned by corporate insiders.

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.