Gran Tierra Energy (TSE:GTE) Hits New 12-Month High – Should You Buy?

Shares of Gran Tierra Energy Inc. (TSE:GTE) (NYSEMKT:GTE) reached a new 52-week high on Monday. The stock traded as high as C$15.86 and last traded at C$15.90, with a volume of 82,435 shares traded. The stock had previously closed at C$15.41.

Wall Street Analyst Weigh In

Separately, Roth MKM upped their price target on Gran Tierra Energy from C$17.50 to C$18.50 in a report on Wednesday, September 23rd. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Gran Tierra Energy presently has an average rating of “Moderate Buy” and a consensus target price of C$13.70.

Gran Tierra Energy Price Performance

The stock’s 50-day moving average is C$14.17 and its 200 day moving average is C$11.99. The company has a debt-to-equity ratio of 451.88, a quick ratio of 0.58 and a current ratio of 0.48. The stock has a market capitalization of C$567.50 million, a PE ratio of -2.22, a P/E/G ratio of 0.23 and a beta of -0.42.

Gran Tierra Energy Company Profile

Gran Tierra Energy Inc, together with its subsidiaries, is an independent international energy company currently focused on oil and natural gas exploration and production in Canada, Colombia, Ecuador and Azerbaijan. Upon completion of the Transaction described in this press release, the Company’s producing operations will be focused on Canada, and the Company will continue to pursue its exploration interests in Azerbaijan and additional new growth opportunities that would further strengthen the Company’s portfolio.