Gran Tierra Energy (TSE:GTE) Hits New 12-Month Low at $1.88
Gran Tierra Energy Inc (TSE:GTE) (NYSEMKT:GTE)’s stock price reached a new 52-week low during trading on Tuesday . The company traded as low as C$1.88 and last traded at C$1.90, with a volume of 60403 shares trading hands. The stock had previously closed at C$1.92.
A number of research firms have commented on GTE. Canaccord Genuity restated a “buy” rating on shares of in a research report on Thursday, June 20th. Royal Bank of Canada restated a “neutral” rating and issued a $192.00 target price on shares of Amgen in a research report on Tuesday, May 21st. BMO Capital Markets restated a “buy” rating on shares of Gran Tierra Energy in a research report on Wednesday, June 26th. Eight Capital lifted their target price on Wesdome Gold Mines from C$5.25 to C$6.25 in a research report on Thursday. Finally, GMP Securities reduced their target price on Gran Tierra Energy from C$3.50 to C$2.75 in a research report on Thursday, June 20th.
The company has a debt-to-equity ratio of 50.57, a quick ratio of 1.04 and a current ratio of 1.12. The stock has a market cap of $735.28 million and a PE ratio of 9.59. The firm’s fifty day simple moving average is C$2.37.
About Gran Tierra Energy (TSE:GTE)
Gran Tierra Energy Inc, together with its subsidiaries, engages in the exploration and production of oil and gas properties in Colombia. As of December 31, 2017, the company had total proved undeveloped reserves of 19.6 million barrels of oil equivalent. Gran Tierra Energy Inc was incorporated in 2003 and is headquartered in Calgary, Canada.
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