Gran Tierra Energy (NYSE:GTE) Stock Price Down 2.4%

Gran Tierra Energy Inc. (NYSE:GTEGet Rating)’s stock price was down 2.4% during trading on Thursday . The stock traded as low as $1.16 and last traded at $1.20. Approximately 3,075,234 shares changed hands during trading, a decline of 53% from the average daily volume of 6,567,972 shares. The stock had previously closed at $1.23.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Gran Tierra Energy in a research note on Wednesday, October 12th. They set a “buy” rating for the company.

Gran Tierra Energy Trading Down 2.4 %

The stock has a market capitalization of $442.68 million, a P/E ratio of 2.67 and a beta of 1.72. The firm’s 50 day moving average price is $1.28 and its 200 day moving average price is $1.34. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.72 and a quick ratio of 0.64.

Gran Tierra Energy (NYSE:GTEGet Rating) last released its quarterly earnings results on Tuesday, November 1st. The company reported $0.10 earnings per share (EPS) for the quarter. Gran Tierra Energy had a net margin of 24.21% and a return on equity of 36.39%. The company had revenue of $168.40 million during the quarter.

About Gran Tierra Energy

(Get Rating)

Gran Tierra Energy Inc, together with its subsidiaries, engages in the exploration and production of oil and gas properties in Colombia and Ecuador. As of December 31, 2021, it had total proved undeveloped reserves of 24.8 million barrels of oil equivalent in Colombia. The company was incorporated in 2003 and is headquartered in Calgary, Canada.

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