Gary Guidry Purchases 40,000 Shares of Gran Tierra Energy Inc. (NYSE:GTE) Stock

Gran Tierra Energy Inc. (NYSE:GTE) CEO Gary Guidry bought 40,000 shares of the business’s stock in a transaction on Thursday, September 19th. The stock was purchased at an average price of $6.11 per share, with a total value of $244,400.00. Following the completion of the transaction, the chief executive officer now directly owns 525,672 shares of the company’s stock, valued at $3,211,855.92. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Tuesday, September 17th, Gary Guidry acquired 15,000 shares of Gran Tierra Energy stock. The stock was purchased at an average cost of $6.03 per share, for a total transaction of $90,450.00.

Gran Tierra Energy Stock Performance

Gran Tierra Energy stock opened at $6.37 on Friday. The firm has a market capitalization of $199.58 million, a price-to-earnings 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 business has a 50 day simple moving average of $7.94. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.63 and a current ratio of 0.75.

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

Wall Street Analysts Forecast Growth

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

Institutional Trading of Gran Tierra Energy

Institutional investors and hedge funds have recently bought and sold shares of the stock. Aristides Capital LLC purchased a new position in shares of Gran Tierra Energy in the second quarter worth approximately $248,000. Renaissance Technologies LLC grew its position in Gran Tierra Energy by 2.6% during 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 in the last quarter. Dimensional Fund Advisors LP raised its stake in 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 purchasing an additional 10,000 shares during the period. Main Street Financial Solutions LLC lifted its holdings in shares of Gran Tierra Energy by 204.7% in the second quarter. Main Street Financial Solutions LLC now owns 450,403 shares of the company’s stock valued at $4,355,000 after purchasing an additional 302,583 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Gran Tierra Energy by 46.8% in the second quarter. American Century Companies Inc. now owns 726,226 shares of the company’s stock valued at $7,023,000 after purchasing an additional 231,595 shares in 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 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.