David P. Smith Sells 4,798 Shares of Gran Tierra Energy Inc. (NYSE:GTE) Stock

Gran Tierra Energy Inc. (NYSE:GTE) Director David P. Smith sold 4,798 shares of the business’s stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $5.15, for a total value of $24,709.70. Following the transaction, the director now directly owns 67,500 shares of the company’s stock, valued at $347,625. The trade was a 6.64 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Gran Tierra Energy Stock Performance

NYSE GTE opened at $5.08 on Friday. Gran Tierra Energy Inc. has a 52-week low of $4.13 and a 52-week high of $10.40. The company has a fifty day moving average of $5.42 and a 200-day moving average of $6.19. The company has a market capitalization of $182.32 million, a P/E ratio of 3.55 and a beta of 1.45. The company has a debt-to-equity ratio of 1.71, a quick ratio of 1.19 and a current ratio of 1.31.

Institutional Investors Weigh In On Gran Tierra Energy

Hedge funds have recently added to or reduced their stakes in the company. Quantbot Technologies LP bought a new position in shares of Gran Tierra Energy during the 4th quarter valued at about $35,000. Private Trust Co. NA bought a new position in Gran Tierra Energy during the fourth quarter valued at approximately $51,000. Quarry LP purchased a new position in shares of Gran Tierra Energy during the third quarter worth approximately $52,000. R Squared Ltd bought a new stake in shares of Gran Tierra Energy in the 4th quarter worth approximately $68,000. Finally, Lazard Asset Management LLC purchased a new stake in shares of Gran Tierra Energy in the 4th quarter valued at $81,000. Institutional investors own 31.70% of the company’s stock.

Analysts Set New Price Targets

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

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.