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Gran Tierra Energy (NYSE:GTE) reached a new 52-week high on Monday , American Banking News reports. The stock traded as high as $8.00 and last traded at $7.97, with a volume of 445,465 shares trading hands. The stock had previously closed at $7.93.

Separately, analysts at Goldman Sachs initiated coverage on shares of Gran Tierra Energy in a research note on Friday, May 2nd. They set a “neutral” rating and a $9.50 price target on the stock. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Gran Tierra Energy has a consensus rating of “Buy” and a consensus price target of $9.90.

The stock’s 50-day moving average is $7.34 and its 200-day moving average is $7.28. The company has a market cap of $2.302 billion and a price-to-earnings ratio of 19.78.

Gran Tierra Energy (NYSE:GTE) last released its earnings data on Wednesday, May 7th. The company reported $0.16 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.14 by $0.02. The company had revenue of $169.70 million for the quarter, compared to the consensus estimate of $176.27 million. On average, analysts predict that Gran Tierra Energy will post $0.61 earnings per share for the current fiscal year.

Gran Tierra Energy Inc (NYSE:GTE) is an independent international energy company engaged in oil and gas acquisition, exploration, development and production.

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