Gran Tierra Energy (TSE:GTE) Shares Down 9.1% – Time to Sell?

Gran Tierra Energy Inc. (TSE:GTE) (NYSEMKT:GTE) was down 9.1% during mid-day trading on Friday . The company traded as low as C$9.93 and last traded at C$10.04. Approximately 79,836 shares were traded during trading, a decline of 20% from the average daily volume of 99,834 shares. The stock had previously closed at C$11.04.

Wall Street Analyst Weigh In

Several research firms have issued reports on GTE. Raymond James Financial raised Gran Tierra Energy from a “hold” rating to a “moderate buy” rating and raised their target price for the stock from C$9.00 to C$15.00 in a research note on Monday, March 30th. Roth Mkm lowered Gran Tierra Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 29th. Finally, Canaccord Genuity Group raised Gran Tierra Energy from a “hold” rating to a “buy” rating and upped their price target for the company from C$10.00 to C$14.00 in a research note on Tuesday. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Gran Tierra Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of C$11.83.

Gran Tierra Energy Price Performance

The stock has a market cap of C$365.70 million, a PE ratio of -1.90, a PEG ratio of 0.23 and a beta of -0.14. The company has a debt-to-equity ratio of 316.85, a quick ratio of 0.58 and a current ratio of 0.60. The stock’s 50-day moving average is C$10.16 and its two-hundred day moving average is C$7.54.

Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) last released its quarterly earnings results on Wednesday, March 4th. The company reported C($5.43) EPS for the quarter. Gran Tierra Energy had a negative return on equity of 56.05% and a negative net margin of 32.07%.The firm had revenue of C$169.06 million for the quarter. On average, equities analysts predict that Gran Tierra Energy Inc. will post 0.1092044 earnings per share for the current 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.