Gran Tierra Energy (NYSE:GTE) Upgraded at StockNews.com

StockNews.com upgraded shares of Gran Tierra Energy (NYSE:GTE) from a hold rating to a buy rating in a report published on Wednesday.

Gran Tierra Energy Stock Performance

Shares of GTE stock opened at $6.88 on Wednesday. The company has a current ratio of 1.31, a quick ratio of 1.19 and a debt-to-equity ratio of 1.71. The firm has a fifty day simple moving average of $6.36 and a two-hundred day simple moving average of $7.87. Gran Tierra Energy has a 12 month low of $4.72 and a 12 month high of $10.40. The firm has a market capitalization of $210.87 million, a PE ratio of 4.78 and a beta of 1.56.

Insider Buying and Selling at Gran Tierra Energy

In other Gran Tierra Energy news, CEO Gary Guidry bought 40,000 shares of the firm’s stock in a transaction dated Thursday, September 19th. The stock was purchased at an average cost of $6.11 per share, with a total value of $244,400.00. Following the transaction, the chief executive officer now directly owns 525,672 shares in the company, valued at $3,211,855.92. This trade represents a 8.24 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Ryan Ellson acquired 12,000 shares of the firm’s stock in a transaction that occurred on Monday, September 30th. The shares were bought at an average price of $6.29 per share, with a total value of $75,480.00. Following the acquisition, the chief financial officer now directly owns 94,666 shares of the company’s stock, valued at $595,449.14. The trade was a 14.52 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 67,000 shares of company stock worth $410,330. Insiders own 6.45% of the company’s stock.

Institutional Investors Weigh In On Gran Tierra Energy

A number of hedge funds have recently modified their holdings of GTE. Quarry LP purchased a new stake in Gran Tierra Energy in the 3rd quarter worth about $52,000. Centiva Capital LP purchased a new position in shares of Gran Tierra Energy in the third quarter worth about $73,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Gran Tierra Energy in the third quarter valued at approximately $89,000. Victory Capital Management Inc. purchased a new stake in shares of Gran Tierra Energy during the 3rd quarter valued at approximately $121,000. Finally, Y Intercept Hong Kong Ltd bought a new position in Gran Tierra Energy in the 3rd quarter worth approximately $200,000. Institutional investors own 31.70% of the company’s stock.

Gran Tierra Energy Company Profile

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.