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

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

Gran Tierra Energy Price Performance

GTE stock traded down $0.08 on Tuesday, reaching $5.76. 130,730 shares of the company’s stock were exchanged, compared to its average volume of 321,442. The company has a quick ratio of 1.19, a current ratio of 1.31 and a debt-to-equity ratio of 1.71. The firm has a market cap of $176.54 million, a PE ratio of 4.03 and a beta of 1.49. Gran Tierra Energy has a twelve month low of $5.01 and a twelve month high of $10.40. The stock has a fifty day moving average of $6.75 and a 200-day moving average of $6.80.

Insider Activity

In related news, Director Ronald Royal sold 19,967 shares of Gran Tierra Energy stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $6.88, for a total transaction of $137,372.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 6.45% of the company’s stock.

Institutional Trading of Gran Tierra Energy

Hedge funds have recently added to or reduced their stakes in the business. Quantbot Technologies LP acquired a new stake in Gran Tierra Energy in the 4th quarter worth about $35,000. Private Trust Co. NA acquired a new stake in Gran Tierra Energy in the 4th quarter worth about $51,000. Quarry LP acquired a new stake in Gran Tierra Energy in the 3rd quarter worth about $52,000. R Squared Ltd acquired a new stake in Gran Tierra Energy in the 4th quarter worth about $68,000. Finally, Centiva Capital LP acquired a new stake in Gran Tierra Energy in the 3rd quarter worth about $73,000. 31.70% of the stock is owned by institutional investors and hedge funds.

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.