Barclays PLC Purchases 6,875 Shares of Gran Tierra Energy Inc. (NYSE:GTE)

Barclays PLC grew its position in shares of Gran Tierra Energy Inc. (NYSE:GTE) by 25.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 33,755 shares of the company’s stock after acquiring an additional 6,875 shares during the period. Barclays PLC’s holdings in Gran Tierra Energy were worth $211,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Quarry LP bought a new stake in shares of Gran Tierra Energy in the 3rd quarter worth approximately $52,000. Centiva Capital LP bought a new stake in shares of Gran Tierra Energy in the 3rd quarter worth approximately $73,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Gran Tierra Energy in the 3rd quarter worth approximately $89,000. Victory Capital Management Inc. bought a new stake in shares of Gran Tierra Energy in the 3rd quarter worth approximately $121,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Gran Tierra Energy in the 3rd quarter worth approximately $200,000. 31.70% of the stock is currently owned by institutional investors.

Gran Tierra Energy Stock Down 3.2 %

GTE stock opened at $7.48 on Tuesday. Gran Tierra Energy Inc. has a 1-year low of $4.72 and a 1-year high of $10.40. The business has a fifty day moving average price of $6.63 and a 200-day moving average price of $7.40. 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 stock has a market capitalization of $229.27 million, a P/E ratio of 5.23 and a beta of 1.53.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Gran Tierra Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, November 27th.

Insider Buying and Selling at Gran Tierra Energy

In other news, Director Ronald Royal sold 19,967 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $6.88, for a total value of $137,372.96. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 6.45% of the stock is currently owned by corporate insiders.

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.