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

Shares of Gran Tierra Energy Inc. (LON:GTEGet Free Report) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 848 and last traded at GBX 705, with a volume of 24191 shares trading hands. The stock had previously closed at GBX 515.

Wall Street Analyst Weigh In

Separately, Peel Hunt restated a “buy” rating and issued a GBX 1,119 price target on shares of Gran Tierra Energy in a research report on Wednesday. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 1,119.

Get Our Latest Report on GTE

Gran Tierra Energy Price Performance

The firm has a market cap of £258.13 million, a PE ratio of -0.88, a P/E/G ratio of 0.23 and a beta of 0.16. The business has a fifty day moving average price of GBX 512.29 and a two-hundred day moving average price of GBX 521.07.

Gran Tierra Energy Company Profile

(Get Free Report)

Gran Tierra Energy Inc, together with its subsidiaries, engages in the exploration and production of oil and gas properties in Colombia and Ecuador. The company was founded in 2003 and is headquartered in Calgary, Canada.

Further Reading

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