Gran Tierra Energy Inc. (NYSE:GTE) CFO Acquires $75,480.00 in Stock

Gran Tierra Energy Inc. (NYSE:GTE) CFO Ryan Ellson bought 12,000 shares of Gran Tierra Energy stock in a transaction dated Monday, September 30th. The stock was acquired at an average price of $6.29 per share, with a total value of $75,480.00. Following the completion of the transaction, the chief financial officer now directly owns 94,666 shares of the company’s stock, valued at $595,449.14. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Gran Tierra Energy Stock Performance

Shares of GTE opened at $6.74 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.75 and a debt-to-equity ratio of 1.38. The firm has a market cap of $211.18 million, a PE ratio of 67.40 and a beta of 1.55. The firm has a fifty day moving average price of $7.31. Gran Tierra Energy Inc. has a 1 year low of $4.72 and a 1 year high of $10.40.

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

Institutional Trading of Gran Tierra Energy

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Aristides Capital LLC acquired a new stake in Gran Tierra Energy in the second quarter valued at approximately $248,000. Renaissance Technologies LLC boosted its stake in shares of Gran Tierra Energy by 2.6% during the 2nd quarter. Renaissance Technologies LLC now owns 780,180 shares of the company’s stock valued at $7,544,000 after buying an additional 20,100 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Gran Tierra Energy by 5.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 206,579 shares of the company’s stock valued at $1,998,000 after buying an additional 10,000 shares during the last quarter. Main Street Financial Solutions LLC lifted its stake in 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 worth $4,355,000 after purchasing an additional 302,583 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in Gran Tierra Energy by 46.8% during the second quarter. American Century Companies Inc. now owns 726,226 shares of the company’s stock worth $7,023,000 after purchasing an additional 231,595 shares during the last quarter. Institutional investors and hedge funds 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 note on Monday, August 5th.

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.