Gran Tierra Energy (NYSE:GTE) Now Covered by Stifel Nicolaus

Stifel Nicolaus started coverage on shares of Gran Tierra Energy (NYSE:GTE) in a research report released on Tuesday, Marketbeat.com reports. The firm issued a buy rating on the stock.

Separately, StockNews.com lowered shares of Gran Tierra Energy from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th.

Gran Tierra Energy Price Performance

Shares of NYSE GTE opened at $5.34 on Tuesday. Gran Tierra Energy has a twelve month low of $3.34 and a twelve month high of $10.40. The firm has a market cap of $188.66 million, a P/E ratio of 3.73 and a beta of 0.71. The company has a 50 day moving average of $4.56 and a 200 day moving average of $5.73. The company has a quick ratio of 1.19, a current ratio of 1.31 and a debt-to-equity ratio of 1.71.

Insider Buying and Selling

In related news, major shareholder Equinox Partners Investment Ma bought 123,000 shares of the firm’s stock in a transaction on Friday, April 4th. The stock was acquired at an average cost of $4.11 per share, for a total transaction of $505,530.00. Following the purchase, the insider now owns 1,855,436 shares in the company, valued at approximately $7,625,841.96. This represents a 7.10% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders bought a total of 476,527 shares of company stock worth $2,003,350 in the last three months. Insiders own 6.45% of the company’s stock.

Institutional Investors Weigh In On Gran Tierra Energy

Hedge funds have recently added to or reduced their stakes in the stock. Quantbot Technologies LP purchased a new stake in Gran Tierra Energy during the 4th quarter valued at $35,000. Private Trust Co. NA purchased a new stake in Gran Tierra Energy during the 4th quarter valued at $51,000. R Squared Ltd purchased a new stake in Gran Tierra Energy during the 4th quarter valued at $68,000. Lazard Asset Management LLC purchased a new stake in Gran Tierra Energy during the 4th quarter valued at $81,000. Finally, Payden & Rygel purchased a new stake in Gran Tierra Energy during the 4th quarter valued at $145,000. 31.70% of the stock is currently 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.