Gran Tierra Energy (TSE:GTE) Stock Price Crosses Below 50 Day Moving Average – Should You Sell?

Gran Tierra Energy Inc. (TSE:GTE) (NYSEMKT:GTE)’s share price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$5.83 and traded as low as C$5.45. Gran Tierra Energy shares last traded at C$5.52, with a volume of 142,626 shares changing hands.

Wall Street Analysts Forecast Growth

GTE has been the topic of several recent research reports. Royal Bank Of Canada decreased their target price on shares of Gran Tierra Energy from C$8.00 to C$6.50 and set a “sector perform” rating on the stock in a research report on Friday, December 12th. Roth Capital upgraded shares of Gran Tierra Energy to a “strong-buy” rating in a research note on Friday, December 12th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$8.25.

Gran Tierra Energy Price Performance

The company’s 50 day moving average price is C$5.83 and its 200 day moving average price is C$6.04. The company has a debt-to-equity ratio of 176.57, a quick ratio of 0.58 and a current ratio of 1.31. The company has a market cap of C$194.83 million, a price-to-earnings ratio of -2.15, a P/E/G ratio of 0.23 and a beta of 0.96.

Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) last announced its quarterly earnings results on Thursday, October 30th. The company reported C($0.57) earnings per share (EPS) for the quarter. The firm had revenue of C$207.82 million for the quarter. Gran Tierra Energy had a net margin of 7.17% and a return on equity of 11.08%. On average, equities research analysts predict that Gran Tierra Energy Inc. will post 0.1092044 earnings per share for the current fiscal 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.