Quest Partners LLC Makes New $465,000 Investment in Gran Tierra Energy Inc. (NYSE:GTE)

Quest Partners LLC bought a new stake in shares of Gran Tierra Energy Inc. (NYSE:GTE) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 48,043 shares of the company’s stock, valued at approximately $465,000. Quest Partners LLC owned about 0.15% of Gran Tierra Energy as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Jump Financial LLC raised its stake in Gran Tierra Energy by 18.7% during the fourth quarter. Jump Financial LLC now owns 50,200 shares of the company’s stock valued at $283,000 after buying an additional 7,900 shares during the last quarter. Intact Investment Management Inc. bought a new position in shares of Gran Tierra Energy during the second quarter valued at $696,000. Quadrature Capital Ltd raised its position in shares of Gran Tierra Energy by 123.3% in the 1st quarter. Quadrature Capital Ltd now owns 60,056 shares of the company’s stock worth $430,000 after purchasing an additional 33,167 shares during the last quarter. Equinox Partners Investment Management LLC bought a new position in Gran Tierra Energy in the 2nd quarter worth about $7,735,000. Finally, Sanders Morris Harris LLC purchased a new stake in Gran Tierra Energy during the 1st quarter valued at about $85,000. 31.70% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Gran Tierra Energy from a “strong-buy” rating to a “buy” rating in a report on Monday, August 5th.

Gran Tierra Energy Trading Down 0.9 %

Shares of GTE opened at $5.83 on Friday. The stock has a market cap of $182.67 million, a P/E ratio of 58.30 and a beta of 1.56. The company’s fifty day simple moving average is $8.32. Gran Tierra Energy Inc. has a 12 month low of $4.72 and a 12 month high of $10.40. The company has a current ratio of 0.75, a quick ratio of 0.63 and a debt-to-equity ratio of 1.38.

Gran Tierra Energy (NYSE:GTE) last released its quarterly earnings data on Wednesday, July 31st. The company reported $1.16 EPS for the quarter. Gran Tierra Energy had a return on equity of 12.60% and a net margin of 7.68%. The company had revenue of $165.61 million for the quarter.

About Gran Tierra Energy

Gran Tierra Energy Inc is an international oil and gas exploration and production company, headquartered in Calgary, Canada, incorporated and traded in the United States and operating in South America. Gran Tierra Energy holds interests in producing and prospective properties in Argentina, Colombia and Peru.