Gran Tierra Energy (NYSE:GTE) Rating Lowered to “Hold” at StockNews.com

Gran Tierra Energy (NYSE:GTE) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.

Gran Tierra Energy Stock Down 1.1 %

GTE traded down $0.07 during trading on Tuesday, hitting $6.40. 347,131 shares of the company traded hands, compared to its average volume of 337,042. The firm has a market capitalization of $196.80 million, a price-to-earnings ratio of 4.03 and a beta of 1.56. The firm’s fifty day moving average price is $6.46. The company has a current ratio of 0.75, a quick ratio of 0.63 and a debt-to-equity ratio of 1.38. Gran Tierra Energy has a one year low of $4.72 and a one year high of $10.40.

Insider Activity

In other Gran Tierra Energy news, CFO Ryan Ellson purchased 12,000 shares of the stock in a transaction on Monday, September 30th. The stock was acquired at an average cost of $6.29 per share, with a total value of $75,480.00. Following the completion of the purchase, the chief financial officer now directly owns 94,666 shares of the company’s stock, valued at approximately $595,449.14. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO Gary Guidry purchased 40,000 shares of the business’s stock in a transaction dated Thursday, September 19th. The shares were purchased at an average price of $6.11 per share, for a total transaction of $244,400.00. Following the completion of the acquisition, the chief executive officer now directly owns 525,672 shares in the company, valued at $3,211,855.92. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Ryan Ellson purchased 12,000 shares of the business’s stock in a transaction dated Monday, September 30th. The shares were purchased at an average price of $6.29 per share, for a total transaction of $75,480.00. Following the acquisition, the chief financial officer now owns 94,666 shares of the company’s stock, valued at approximately $595,449.14. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 67,000 shares of company stock worth $410,330 in the last three months. Corporate insiders own 7.06% of the company’s stock.

Institutional Trading of Gran Tierra Energy

Several institutional investors and hedge funds have recently modified their holdings of the company. Hillsdale Investment Management Inc. purchased a new position in shares of Gran Tierra Energy in the 1st quarter worth $203,000. Quadrature Capital Ltd raised its holdings in shares of Gran Tierra Energy by 123.3% in the 1st quarter. Quadrature Capital Ltd now owns 60,056 shares of the company’s stock valued at $430,000 after purchasing an additional 33,167 shares in the last quarter. Equinox Partners Investment Management LLC bought a new stake in shares of Gran Tierra Energy in the 2nd quarter valued at about $7,735,000. Intact Investment Management Inc. purchased a new position in shares of Gran Tierra Energy in the 2nd quarter worth approximately $696,000. Finally, Quest Partners LLC purchased a new position in shares of Gran Tierra Energy in the 2nd quarter worth approximately $465,000. 31.70% of the stock is currently owned by institutional investors.

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.