Gran Tierra Energy Inc. (NYSE:GTE) CEO Buys $90,450.00 in Stock

Gran Tierra Energy Inc. (NYSE:GTE) CEO Gary Guidry bought 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The shares were bought at an average cost of $6.03 per share, for a total transaction of $90,450.00. Following the transaction, the chief executive officer now owns 440,672 shares of the company’s stock, valued at $2,657,252.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Gary Guidry also recently made the following trade(s):

• On Thursday, September 19th, Gary Guidry acquired 40,000 shares of Gran Tierra Energy stock. The shares were bought at an average price of $6.11 per share, for a total transaction of $244,400.00.

Gran Tierra Energy Price Performance

Shares of NYSE:GTE opened at $6.37 on Friday. The company has a market cap of $199.58 million, a P/E ratio of 63.70 and a beta of 1.56. Gran Tierra Energy Inc. has a 1 year low of $4.72 and a 1 year high of $10.40. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.75 and a quick ratio of 0.63. The company has a fifty day simple moving average of $7.94.

Gran Tierra Energy (NYSE:GTE) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $1.16 earnings per share for the quarter. The company had revenue of $165.61 million during the quarter. Gran Tierra Energy had a net margin of 7.68% and a return on equity of 12.60%.

Institutional Investors Weigh In On Gran Tierra Energy

A number of hedge funds have recently modified their holdings of the stock. Equinox Partners Investment Management LLC purchased a new position in shares of Gran Tierra Energy during the 2nd quarter valued at $7,735,000. Renaissance Technologies LLC boosted its stake in Gran Tierra Energy by 2.6% in the 2nd quarter. Renaissance Technologies LLC now owns 780,180 shares of the company’s stock worth $7,544,000 after purchasing an additional 20,100 shares during the period. American Century Companies Inc. grew its holdings in Gran Tierra Energy by 46.8% during the 2nd quarter. American Century Companies Inc. now owns 726,226 shares of the company’s stock valued at $7,023,000 after buying an additional 231,595 shares in the last quarter. Main Street Financial Solutions LLC increased its position in shares of Gran Tierra Energy by 204.7% during the second quarter. Main Street Financial Solutions LLC now owns 450,403 shares of the company’s stock valued at $4,355,000 after buying an additional 302,583 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Gran Tierra Energy by 5.1% in the second quarter. Dimensional Fund Advisors LP now owns 206,579 shares of the company’s stock worth $1,998,000 after buying an additional 10,000 shares in the last quarter. Institutional investors own 31.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Gran Tierra Energy from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 5th.

Gran Tierra Energy Company Profile

Gran Tierra Energy Inc is an international oil and gas exploration and production company, headquartered in Calgary, Canada, incorporated and traded in the United States and operating in South America. Gran Tierra Energy holds interests in producing and prospective properties in Argentina, Colombia and Peru.