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

Gran Tierra Energy Inc. (TSE:GTE) (NYSEMKT:GTE)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$10.01 and traded as low as C$8.81. Gran Tierra Energy shares last traded at C$9.04, with a volume of 117,961 shares.

Analyst Ratings Changes

GTE has been the topic of several research reports. Canaccord Genuity Group set a C$12.00 price objective on Gran Tierra Energy and gave the stock a “buy” rating in a report on Wednesday, November 27th. Royal Bank of Canada dropped their target price on Gran Tierra Energy from C$10.00 to C$9.50 in a research report on Monday, October 7th.

Gran Tierra Energy Stock Performance

The company has a market capitalization of C$277.08 million, a PE ratio of 4.20, a P/E/G ratio of 0.23 and a beta of 1.57. The stock has a 50-day simple moving average of C$9.83 and a 200 day simple moving average of C$10.01. The company has a debt-to-equity ratio of 147.61, a current ratio of 0.75 and a quick ratio of 0.58.

Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) last posted its earnings results on Monday, November 4th. The company reported C$0.10 earnings per share (EPS) for the quarter. Gran Tierra Energy had a return on equity of 12.50% and a net margin of 7.68%. Equities analysts anticipate that Gran Tierra Energy Inc. will post 0.1092044 EPS for the current fiscal year.

Insiders Place Their Bets

In other Gran Tierra Energy news, Director Ronald William Royal sold 19,967 shares of Gran Tierra Energy stock in a transaction on Monday, December 2nd. The shares were sold at an average price of C$9.67, for a total value of C$193,080.89. 3.32% of the stock is 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.