Gran Tierra Energy (NYSE:GTE) Lowered to Hold Rating by 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 research report issued on Tuesday.

Gran Tierra Energy Stock Performance

Shares of Gran Tierra Energy stock traded down $0.23 during trading on Tuesday, hitting $4.73. 537,408 shares of the stock were exchanged, compared to its average volume of 321,694. The company has a current ratio of 1.31, a quick ratio of 1.19 and a debt-to-equity ratio of 1.71. The company has a fifty day moving average price of $6.51 and a 200-day moving average price of $6.62. The stock has a market capitalization of $144.97 million, a price-to-earnings ratio of 3.31 and a beta of 1.49. Gran Tierra Energy has a 1-year low of $4.71 and a 1-year high of $10.40.

Insider Buying and Selling at Gran Tierra Energy

In other Gran Tierra Energy news, Director Ronald Royal sold 19,967 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $6.88, for a total value of $137,372.96. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 6.45% of the company’s stock.

Institutional Trading of Gran Tierra Energy

A number of hedge funds have recently modified their holdings of the stock. GSA Capital Partners LLP grew its stake in Gran Tierra Energy by 76.5% in the 3rd quarter. GSA Capital Partners LLP now owns 101,047 shares of the company’s stock valued at $634,000 after buying an additional 43,795 shares during the last quarter. Victory Capital Management Inc. acquired a new position in shares of Gran Tierra Energy in the third quarter valued at approximately $121,000. Empowered Funds LLC grew its position in shares of Gran Tierra Energy by 39.3% in the third quarter. Empowered Funds LLC now owns 207,067 shares of the company’s stock valued at $1,298,000 after purchasing an additional 58,438 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Gran Tierra Energy during the third quarter worth approximately $89,000. Finally, PDT Partners LLC lifted its holdings in Gran Tierra Energy by 13.1% during the 3rd quarter. PDT Partners LLC now owns 60,653 shares of the company’s stock worth $380,000 after purchasing an additional 7,030 shares during the last quarter. Institutional investors and hedge funds own 31.70% of the company’s stock.

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.