Gran Tierra Energy (NYSE:GTE) Cut to Hold at StockNews.com

StockNews.com lowered shares of Gran Tierra Energy (NYSE:GTE) from a buy rating to a hold rating in a research report released on Monday morning.

Gran Tierra Energy Trading Down 0.3 %

Gran Tierra Energy stock opened at $6.71 on Monday. The company has a quick ratio of 1.19, a current ratio of 1.31 and a debt-to-equity ratio of 1.71. The firm has a 50-day moving average price of $6.90 and a two-hundred day moving average price of $7.21. The firm has a market capitalization of $205.66 million, a price-to-earnings ratio of 4.69 and a beta of 1.53. Gran Tierra Energy has a 52-week low of $4.85 and a 52-week high of $10.40.

Insider Transactions 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 that occurred 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 document filed with the SEC, which is available at this link. Company insiders own 7.06% of the company’s stock.

Hedge Funds Weigh In On Gran Tierra Energy

A number of hedge funds have recently made changes to their positions in the business. Quarry LP acquired a new stake in shares of Gran Tierra Energy during the 3rd quarter worth about $52,000. Centiva Capital LP acquired a new stake in shares of Gran Tierra Energy during the 3rd quarter worth about $73,000. Dynamic Technology Lab Private Ltd bought a new stake in Gran Tierra Energy during the 3rd quarter worth about $89,000. Victory Capital Management Inc. bought a new stake in Gran Tierra Energy during the 3rd quarter worth about $121,000. Finally, Aristides Capital LLC bought a new stake in Gran Tierra Energy during the 2nd quarter worth about $248,000. 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.