Gran Tierra Energy (GTE) Shares are Down -7.24%

Gran Tierra Energy (GTE) : During the past 4 weeks, traders have been relatively bearish on Gran Tierra Energy (GTE), hence the stock is down -7.56% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -7.73% relative to the S&P 500. The 4-week change in the price of the stock is -9.43% and the stock has fallen -7.24% in the past 1 week.

The stock has recorded a 20-day Moving Average of 7.39% and the 50-Day Moving Average is 6.34%.The 200 Day SMA reached 1.9% Gran Tierra Energy, Inc. has dropped 15.67% during the last 3-month period . Year-to-Date the stock performance stands at 23.96%.


Gran Tierra Energy (GTE) : The highest short term price target forecast on Gran Tierra Energy (GTE) is $6 and the lowest target price is $4. A total of 2 equity analysts are currently covering the company. The average price of all the analysts is $4.78 with a standard deviation of $1.73.

For the current week, the company shares have a recommendation consensus of Buy. Gran Tierra Energy (NYSEMKT:GTE): stock was range-bound between the intraday low of $2.67 and the intraday high of $2.76 after having opened at $2.71 on Fridays session. The stock finally closed in the red at $2.71, a loss of -2.54%. The stock remained in the red for the whole trading day. The total traded volume was 1,579,043 shares. The stock failed to cross $2.76 in Fridays trading. The stocks closing price on Thursday was $2.69.

Gran Tierra Energy Inc. is an energy Company. Through its subsidiaries, the Company is engaged in oil and gas acquisition, exploration, development and production. The Company owns the rights to oil and gas properties in Colombia, Peru and Brazil. In Colombia, the Company focuses on developing its producing light oil fields, including Costayaco and Moqueta, and on the generation of exploration prospects. In Peru, the Company is engaged in engineering, procurement and construction work in preparation for a long-term production test. It commenced drilling the Bretana Sur 95-3-4-1X well and drilled the Bretana Sur 95-2-1XD water disposal well. In Brazil, on Block REC-T-155, the Company completed the dual completions of the 3-GTE-03-BA and 4-GTE-04-BA development wells in the Tie field and completed single-stage fracture stimulation on the 1-GTE-8DP-BA exploration well.

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