Insider Selling: Gran Tierra Energy Inc. (TSE:GTE) Director Sells 19,967 Shares of Stock

Gran Tierra Energy Inc. (TSE:GTE - Get Free Report) (NYSEMKT:GTE) Director Ronald William Royal sold 19,967 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of C$9.67, for a total value of C$193,080.89.

Gran Tierra Energy Stock Up 0.2 %

Shares of TSE GTE opened at C$9.30 on Friday. Gran Tierra Energy Inc. has a 12-month low of C$6.36 and a 12-month high of C$14.23. The stock has a market cap of C$285.05 million, a P/E ratio of 4.33, a PEG ratio of 0.23 and a beta of 1.57. The company has a current ratio of 0.75, a quick ratio of 0.58 and a debt-to-equity ratio of 147.61. The business's fifty day simple moving average is C$8.85 and its 200-day simple moving average is C$10.73.

Analysts Set New Price Targets

A number of brokerages have issued reports on GTE. Royal Bank of Canada cut their price target on shares of Gran Tierra Energy from C$10.00 to C$9.50 in a research note on Monday, October 7th. Canaccord Genuity Group set a C$12.00 price objective on shares of Gran Tierra Energy and gave the company a "buy" rating in a report on Wednesday, November 27th.

Read Our Latest Stock Analysis on GTE

About Gran Tierra Energy

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.

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