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

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

Gran Tierra Energy Trading Down 4.6 %

Gran Tierra Energy stock opened at $4.73 on Tuesday. The business has a 50 day moving average price of $6.51 and a two-hundred day moving average price of $6.62. 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 stock has a market cap of $144.97 million, a price-to-earnings ratio of 3.31 and a beta of 1.49. Gran Tierra Energy has a 12 month low of $4.71 and a 12 month high of $10.40.

Insider Buying and Selling at Gran Tierra Energy

In other news, Director Ronald Royal sold 19,967 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was 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 can be accessed through this link. Insiders own 6.45% of the company’s stock.

Institutional Investors Weigh In On Gran Tierra Energy

Large investors have recently modified their holdings of the stock. Quantbot Technologies LP bought a new stake in shares of Gran Tierra Energy in the 4th quarter valued at approximately $35,000. Private Trust Co. NA bought a new stake in shares of Gran Tierra Energy in the 4th quarter valued at approximately $51,000. Quarry LP bought a new stake in shares of Gran Tierra Energy in the 3rd quarter valued at approximately $52,000. R Squared Ltd bought a new stake in shares of Gran Tierra Energy in the 4th quarter valued at approximately $68,000. Finally, Lazard Asset Management LLC bought a new stake in shares of Gran Tierra Energy in the 4th quarter valued at approximately $81,000. 31.70% of the stock is currently owned by 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.