Gran Tierra Energy (NYSE:GTE) Downgraded to Hold Rating by StockNews.com

StockNews.com cut shares of Gran Tierra Energy (NYSE:GTE) from a buy rating to a hold rating in a research report sent to investors on Tuesday morning.

Gran Tierra Energy Stock Performance

Shares of NYSE GTE opened at $4.73 on Tuesday. The business’s 50-day moving average price is $6.51 and its two-hundred day moving average price is $6.62. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.31 and a quick ratio of 1.19. Gran Tierra Energy has a one year low of $4.71 and a one year high of $10.40. The company has a market capitalization of $144.97 million, a P/E ratio of 3.31 and a beta of 1.49.

Insider Buying and Selling at Gran Tierra Energy

In other Gran Tierra Energy 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 is accessible through the SEC website. Corporate insiders own 6.45% of the company’s stock.

Institutional Trading of Gran Tierra Energy

A number of institutional investors and hedge funds have recently made changes to their positions in GTE. GSA Capital Partners LLP lifted its position in shares of Gran Tierra Energy by 76.5% in the third quarter. GSA Capital Partners LLP now owns 101,047 shares of the company’s stock worth $634,000 after buying an additional 43,795 shares during the last quarter. Victory Capital Management Inc. acquired a new stake in shares of Gran Tierra Energy in the third quarter worth about $121,000. Empowered Funds LLC lifted its position in shares of Gran Tierra Energy by 39.3% in the third quarter. Empowered Funds LLC now owns 207,067 shares of the company’s stock worth $1,298,000 after buying an additional 58,438 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Gran Tierra Energy in the third quarter worth about $89,000. Finally, PDT Partners LLC lifted its position in shares of Gran Tierra Energy by 13.1% in the third quarter. PDT Partners LLC now owns 60,653 shares of the company’s stock worth $380,000 after buying an additional 7,030 shares during the last quarter. 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.