Equinox Partners Investment Management LLC lifted its stake in shares of Gran Tierra Energy Inc. (NYSE:GTE - Free Report) by 9.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,716,114 shares of the company's stock after purchasing an additional 326,000 shares during the quarter. Gran Tierra Energy comprises approximately 10.5% of Equinox Partners Investment Management LLC's portfolio, making the stock its 4th biggest position. Equinox Partners Investment Management LLC owned about 10.52% of Gran Tierra Energy worth $18,320,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of GTE. Lazard Asset Management LLC purchased a new stake in shares of Gran Tierra Energy during the fourth quarter worth approximately $81,000. Hsbc Holdings PLC purchased a new stake in shares of Gran Tierra Energy during the first quarter worth approximately $90,000. Northern Trust Corp raised its stake in shares of Gran Tierra Energy by 100.4% during the fourth quarter. Northern Trust Corp now owns 27,797 shares of the company's stock worth $201,000 after purchasing an additional 13,929 shares during the last quarter. Jane Street Group LLC purchased a new position in Gran Tierra Energy in the fourth quarter worth $203,000. Finally, Exchange Traded Concepts LLC raised its position in Gran Tierra Energy by 13.0% in the first quarter. Exchange Traded Concepts LLC now owns 49,972 shares of the company's stock worth $246,000 after acquiring an additional 5,759 shares in the last quarter. Hedge funds and other institutional investors own 31.70% of the company's stock.
Gran Tierra Energy Price Performance
Shares of GTE traded down $0.12 during trading hours on Monday, reaching $3.82. 345,918 shares of the company traded hands, compared to its average volume of 289,278. 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 stock has a market capitalization of $134.81 million, a PE ratio of 2.67 and a beta of 0.86. Gran Tierra Energy Inc. has a fifty-two week low of $3.34 and a fifty-two week high of $8.19. The stock has a fifty day simple moving average of $4.30 and a 200 day simple moving average of $4.60.
Gran Tierra Energy (NYSE:GTE - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported ($0.36) EPS for the quarter, beating analysts' consensus estimates of ($0.43) by $0.07. Gran Tierra Energy had a return on equity of 11.36% and a net margin of 7.17%.During the same quarter last year, the company earned $1.16 EPS.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on GTE. Raymond James Financial began coverage on Gran Tierra Energy in a research report on Friday, June 20th. They issued a "market perform" rating for the company. Stifel Nicolaus started coverage on Gran Tierra Energy in a research report on Tuesday, May 13th. They issued a "buy" rating for the company. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, Gran Tierra Energy currently has a consensus rating of "Moderate Buy".
Read Our Latest Analysis on GTE
Gran Tierra Energy Profile
(
Free Report)
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.
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