Gran Tierra Energy (NYSE:GTE) Upgraded at StockNews.com

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

Gran Tierra Energy Stock Up 0.5 %

Shares of GTE opened at $5.65 on Tuesday. The firm has a market cap of $173.18 million, a P/E ratio of 3.95 and a beta of 1.49. Gran Tierra Energy has a 12-month low of $5.01 and a 12-month high of $10.40. The company’s 50-day moving average price is $6.71 and its 200 day moving average price is $6.79. The company has a current ratio of 1.31, a quick ratio of 1.19 and a debt-to-equity ratio of 1.71.

Insiders Place Their Bets

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 shares were sold at an average price of $6.88, for a total transaction of $137,372.96. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 6.45% of the company’s stock.

Hedge Funds Weigh In On Gran Tierra Energy

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Equinox Partners Investment Management LLC grew its position in shares of Gran Tierra Energy by 63.6% during the fourth quarter. Equinox Partners Investment Management LLC now owns 3,390,114 shares of the company’s stock worth $24,511,000 after buying an additional 1,318,488 shares in the last quarter. American Century Companies Inc. grew its position in shares of Gran Tierra Energy by 11.9% during the fourth quarter. American Century Companies Inc. now owns 1,171,287 shares of the company’s stock worth $8,468,000 after buying an additional 124,138 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Gran Tierra Energy by 22.7% during the fourth quarter. Renaissance Technologies LLC now owns 865,280 shares of the company’s stock worth $6,256,000 after buying an additional 159,900 shares in the last quarter. Invesco Ltd. grew its position in shares of Gran Tierra Energy by 1.0% during the fourth quarter. Invesco Ltd. now owns 286,960 shares of the company’s stock worth $2,075,000 after buying an additional 2,846 shares in the last quarter. Finally, Perpetual Ltd grew its position in shares of Gran Tierra Energy by 38.3% during the fourth quarter. Perpetual Ltd now owns 218,788 shares of the company’s stock worth $1,582,000 after buying an additional 60,536 shares in the last quarter. 31.70% of the stock is owned by institutional investors and hedge funds.

Gran Tierra Energy Company Profile

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.