Gran Tierra Energy Hits New 52-Week Low at $6.27 (GTE)
Gran Tierra Energy (NYSE:GTE) reached a new 52-week low during trading on Friday , AmericanBankingNews.com reports. The company traded as low as $6.27 and last traded at $6.34, with a volume of 551,840 shares. The stock had previously closed at $6.41.
Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Gran Tierra Energy in a research note on Thursday, July 24th. They now have a $12.00 price target on the stock, up previously from $11.00. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $10.90.
The stock has a 50-day moving average of $7.28 and a 200-day moving average of $7.30. The company has a market cap of $1.819 billion and a P/E ratio of 24.56.
Gran Tierra Energy (NYSE:GTE) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.13 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.13. Analysts expect that Gran Tierra Energy will post $0.61 EPS 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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