StockNews.com Upgrades Gran Tierra Energy (NYSE:GTE) to Buy

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

Gran Tierra Energy Price Performance

NYSE GTE opened at $5.62 on Tuesday. The company has a market cap of $172.25 million, a PE ratio of 3.93 and a beta of 1.49. The firm’s 50 day moving average price is $6.73 and its 200-day moving average price is $6.79. The company has a debt-to-equity ratio of 1.71, a quick ratio of 1.19 and a current ratio of 1.31. Gran Tierra Energy has a 52-week low of $5.01 and a 52-week high of $10.40.

Insider Buying and Selling at Gran Tierra Energy

In other Gran Tierra Energy news, Director Ronald Royal sold 19,967 shares of Gran Tierra Energy stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $6.88, for a total value of $137,372.96. The transaction was disclosed in a document filed with the SEC, which is available through this link. 6.45% of the stock is owned by insiders.

Institutional Trading of Gran Tierra Energy

Institutional investors have recently made changes to their positions in the business. Quantbot Technologies LP acquired a new position in Gran Tierra Energy during the 4th quarter valued at about $35,000. Private Trust Co. NA purchased a new stake in shares of Gran Tierra Energy during the fourth quarter worth about $51,000. Quarry LP acquired a new position in shares of Gran Tierra Energy during the third quarter valued at about $52,000. R Squared Ltd purchased a new position in shares of Gran Tierra Energy in the 4th quarter valued at approximately $68,000. Finally, Centiva Capital LP acquired a new stake in Gran Tierra Energy in the 3rd quarter worth approximately $73,000. Institutional investors and hedge funds own 31.70% of the company’s stock.

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.