Gran Tierra Energy (NYSE:GTE) Lowered 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 report published on Tuesday.

Gran Tierra Energy Trading Up 0.4 %

Gran Tierra Energy stock opened at $4.66 on Tuesday. The firm has a market cap of $142.83 million, a PE ratio of 3.26 and a beta of 1.49. Gran Tierra Energy has a 12 month low of $4.59 and a 12 month high of $10.40. The stock’s 50 day simple moving average is $6.45 and its two-hundred day simple moving average is $6.59. The company has a current ratio of 1.31, a quick ratio of 1.19 and a debt-to-equity ratio of 1.71.

Insider Activity at Gran Tierra Energy

In other Gran Tierra Energy news, Director Ronald Royal sold 19,967 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $6.88, for a total transaction of $137,372.96. The sale was disclosed in a filing with the SEC, which is accessible through this link. 7.06% of the stock is owned by company insiders.

Institutional Trading of Gran Tierra Energy

Institutional investors and hedge funds have recently made changes to their positions in the business. Equinox Partners Investment Management LLC lifted its position in shares of Gran Tierra Energy by 63.6% during the 4th quarter. Equinox Partners Investment Management LLC now owns 3,390,114 shares of the company’s stock valued at $24,511,000 after buying an additional 1,318,488 shares in the last quarter. Encompass Capital Advisors LLC acquired a new position in Gran Tierra Energy during the fourth quarter worth $13,557,000. American Century Companies Inc. lifted its holdings in 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 valued at $8,468,000 after purchasing an additional 124,138 shares in the last quarter. LM Asset IM Inc. acquired a new stake in shares of Gran Tierra Energy in the fourth quarter valued at about $7,928,000. Finally, Renaissance Technologies LLC increased its stake 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 purchasing an additional 159,900 shares in the last quarter. 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.