Gran Tierra Energy (NYSE:GTE – Get Free Report) was downgraded by investment analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report issued on Monday.
Gran Tierra Energy Price Performance
NYSE GTE traded down $0.10 during trading on Monday, reaching $7.63. 441,133 shares of the company’s stock traded hands, compared to its average volume of 359,387. The company has a 50 day simple moving average of $9.55. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.55 and a current ratio of 0.75. Gran Tierra Energy has a 12-month low of $4.72 and a 12-month high of $10.40. The stock has a market cap of $239.06 million, a price-to-earnings ratio of 76.30 and a beta of 1.60.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the company. Equinox Partners Investment Management LLC acquired a new stake in Gran Tierra Energy in the 2nd quarter worth approximately $7,735,000. Intact Investment Management Inc. acquired a new stake in Gran Tierra Energy in the 2nd quarter worth approximately $696,000. Quadrature Capital Ltd lifted its stake in Gran Tierra Energy by 123.3% during the 1st quarter. Quadrature Capital Ltd now owns 60,056 shares of the company’s stock valued at $430,000 after acquiring an additional 33,167 shares during the period. Jump Financial LLC lifted its stake in Gran Tierra Energy by 18.7% during the 4th quarter. Jump Financial LLC now owns 50,200 shares of the company’s stock valued at $283,000 after acquiring an additional 7,900 shares during the period. Finally, Hillsdale Investment Management Inc. acquired a new stake in Gran Tierra Energy during the 1st quarter valued at approximately $203,000. Hedge funds and other institutional investors own 31.70% of the company’s stock.
About Gran Tierra Energy
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.
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