Encompass Capital Advisors LLC Purchases New Stake in Gran Tierra Energy Inc. (NYSE:GTE)

Encompass Capital Advisors LLC acquired a new position in Gran Tierra Energy Inc. (NYSE:GTE - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,875,027 shares of the company's stock, valued at approximately $13,557,000. Encompass Capital Advisors LLC owned about 6.12% of Gran Tierra Energy at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of GTE. Quantbot Technologies LP acquired a new stake in Gran Tierra Energy during the fourth quarter worth $35,000. Private Trust Co. NA acquired a new position in Gran Tierra Energy during the 4th quarter worth about $51,000. R Squared Ltd acquired a new position in Gran Tierra Energy during the 4th quarter worth about $68,000. Payden & Rygel acquired a new position in Gran Tierra Energy during the 4th quarter worth about $145,000. Finally, Susquehanna Fundamental Investments LLC bought a new stake in Gran Tierra Energy during the 4th quarter worth about $192,000. Institutional investors and hedge funds own 31.70% of the company's stock.

Analyst Upgrades and Downgrades

GTE has been the topic of a number of analyst reports. StockNews.com downgraded shares of Gran Tierra Energy from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Stifel Nicolaus started coverage on shares of Gran Tierra Energy in a research note on Tuesday. They set a "buy" rating for the company.

Gran Tierra Energy Price Performance

GTE traded down $0.27 on Wednesday, hitting $5.07. 140,231 shares of the stock were exchanged, compared to its average volume of 295,634. The business has a 50-day moving average of $4.56 and a two-hundred day moving average of $5.73. Gran Tierra Energy Inc. has a 12 month low of $3.34 and a 12 month 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. The firm has a market capitalization of $179.12 million, a price-to-earnings ratio of 3.55 and a beta of 0.71.

Insiders Place Their Bets

In other Gran Tierra Energy news, major shareholder Equinox Partners Investment Ma bought 98,678 shares of the firm's stock in a transaction dated Monday, April 21st. The stock was purchased at an average cost of $4.66 per share, with a total value of $459,839.48. Following the transaction, the insider now directly owns 1,994,486 shares in the company, valued at $9,294,304.76. This trade represents a 5.21% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last three months, insiders have acquired 476,527 shares of company stock worth $2,003,350. Corporate insiders own 6.45% of the company's stock.

Gran Tierra Energy 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.