Gran Tierra Energy (NYSE:GTE) Stock Rating Upgraded by StockNews.com

Gran Tierra Energy (NYSE:GTE) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Friday.

Gran Tierra Energy Stock Down 3.0 %

NYSE:GTE opened at $6.10 on Friday. The stock has a market capitalization of $186.97 million, a PE ratio of 4.27 and a beta of 1.56. Gran Tierra Energy has a 52 week low of $4.72 and a 52 week high of $10.40. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.31 and a quick ratio of 1.19. The company’s 50 day moving average price is $6.31.

Insider Transactions at Gran Tierra Energy

In related news, CFO Ryan Ellson bought 12,000 shares of the company’s stock in a transaction 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 transaction, the chief financial officer now owns 94,666 shares in the company, valued at approximately $595,449.14. This trade represents a 14.52 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gary Guidry purchased 40,000 shares of the business’s stock in a transaction on Thursday, September 19th. The shares were bought at an average price of $6.11 per share, for a total transaction of $244,400.00. Following the purchase, the chief executive officer now directly owns 525,672 shares in the company, valued at $3,211,855.92. This represents a 8.24 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired 67,000 shares of company stock valued at $410,330 in the last quarter. 6.45% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Gran Tierra Energy

Large investors have recently made changes to their positions in the stock. American Century Companies Inc. raised its stake in Gran Tierra Energy by 46.8% in the 2nd quarter. American Century Companies Inc. now owns 726,226 shares of the company’s stock worth $7,023,000 after acquiring an additional 231,595 shares during the last quarter. Intact Investment Management Inc. acquired a new stake in shares of Gran Tierra Energy during the second quarter worth about $696,000. Quadrature Capital Ltd lifted its holdings in shares of Gran Tierra Energy by 123.3% during the first 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 period. Equinox Partners Investment Management LLC purchased a new stake in Gran Tierra Energy in the second quarter valued at approximately $7,735,000. Finally, Main Street Financial Solutions LLC increased its holdings in Gran Tierra Energy by 204.7% in the 2nd quarter. Main Street Financial Solutions LLC now owns 450,403 shares of the company’s stock worth $4,355,000 after buying an additional 302,583 shares during the period. 31.70% of the stock is owned by hedge funds and other institutional investors.

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.