Gran Tierra Energy Inc. (NYSE:GTE – Get Free Report) Director David P. Smith sold 4,798 shares of Gran Tierra Energy stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $5.15, for a total transaction of $24,709.70. Following the sale, the director now directly owns 67,500 shares of the company’s stock, valued at $347,625. This represents a 6.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
Gran Tierra Energy Trading Up 2.8 %
GTE traded up $0.14 during mid-day trading on Wednesday, hitting $5.06. The stock had a trading volume of 261,341 shares, compared to its average volume of 317,307. The stock’s fifty day simple moving average is $5.47 and its 200-day simple moving average is $6.19. The firm has a market capitalization of $181.60 million, a price-to-earnings ratio of 3.54 and a beta of 1.45. Gran Tierra Energy Inc. has a 1-year low of $4.13 and a 1-year high of $10.40. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.31 and a quick ratio of 1.19.
Wall Street Analysts Forecast Growth
Separately, StockNews.com cut Gran Tierra Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quantbot Technologies LP bought a new stake in shares of Gran Tierra Energy in the fourth quarter worth about $35,000. Private Trust Co. NA acquired a new position in shares of Gran Tierra Energy in the 4th quarter valued at approximately $51,000. Quarry LP bought a new stake in Gran Tierra Energy during the 3rd quarter worth approximately $52,000. R Squared Ltd acquired a new stake in Gran Tierra Energy during the 4th quarter worth approximately $68,000. Finally, Centiva Capital LP bought a new position in Gran Tierra Energy in the third quarter valued at approximately $73,000. 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.
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