Gran Tierra Energy (TSE:GTE) Posts Quarterly Earnings Results

Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) issued its quarterly earnings data on Wednesday. The company reported C($5.43) earnings per share for the quarter, FiscalAI reports. Gran Tierra Energy had a negative net margin of 13.91% and a negative return on equity of 22.05%. The company had revenue of C$169.06 million for the quarter.

Gran Tierra Energy Price Performance

Shares of GTE opened at C$9.03 on Wednesday. The company has a debt-to-equity ratio of 211.40, a quick ratio of 0.58 and a current ratio of 0.54. The company has a 50 day moving average price of C$7.16 and a 200-day moving average price of C$6.28. Gran Tierra Energy has a fifty-two week low of C$4.33 and a fifty-two week high of C$9.49. The stock has a market capitalization of C$318.72 million, a PE ratio of -3.51, a PEG ratio of 0.23 and a beta of 1.22.

Wall Street Analyst Weigh In

Several research firms have weighed in on GTE. Canaccord Genuity Group downgraded Gran Tierra Energy from a “buy” rating to a “hold” rating and set a C$8.00 price target for the company. in a research note on Tuesday, January 27th. Roth Mkm lowered shares of Gran Tierra Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 29th. Finally, Royal Bank Of Canada cut their target price on shares of Gran Tierra Energy from C$8.00 to C$6.50 and set a “sector perform” rating for the company in a research note on Friday, December 12th. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of C$8.17.

About Gran Tierra Energy

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.