Gran Tierra Energy Inc. (NYSE:GTE - Get Free Report) was the target of a large growth in short interest in August. As of August 15th, there was short interest totaling 1,060,000 shares, a growth of 35.7% from the July 31st total of 781,200 shares. Based on an average daily trading volume, of 315,500 shares, the short-interest ratio is currently 3.4 days. Currently, 3.4% of the shares of the stock are short sold. Currently, 3.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 315,500 shares, the short-interest ratio is currently 3.4 days.
Analysts Set New Price Targets
Separately, Raymond James Financial initiated coverage on shares of Gran Tierra Energy in a report on Friday, June 20th. They issued a "market perform" rating for the company. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy".
View Our Latest Report on Gran Tierra Energy
Gran Tierra Energy Trading Down 2.3%
GTE traded down $0.09 on Friday, reaching $3.86. 143,019 shares of the company traded hands, compared to its average volume of 287,994. Gran Tierra Energy has a one year low of $3.34 and a one year high of $8.19. The firm has a fifty day simple moving average of $4.20 and a two-hundred day simple moving average of $4.56. The company has a market cap of $136.22 million, a P/E ratio of 2.70 and a beta of 0.86. The company has a quick ratio of 1.19, a current ratio of 1.31 and a debt-to-equity ratio of 1.71.
Gran Tierra Energy (NYSE:GTE - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported ($0.36) earnings per share for the quarter, beating analysts' consensus estimates of ($0.43) by $0.07. Gran Tierra Energy had a net margin of 7.17% and a return on equity of 11.36%. During the same quarter last year, the business posted $1.16 earnings per share.
Institutional Investors Weigh In On Gran Tierra Energy
Several large investors have recently modified their holdings of GTE. Equinox Partners Investment Management LLC raised its holdings in shares of Gran Tierra Energy by 37.2% in the 2nd quarter. Equinox Partners Investment Management LLC now owns 5,097,688 shares of the company's stock valued at $24,316,000 after purchasing an additional 1,381,574 shares in the last quarter. LM Asset IM Inc. bought a new stake in shares of Gran Tierra Energy in the 4th quarter valued at about $7,928,000. Encompass Capital Advisors LLC raised its holdings in shares of Gran Tierra Energy by 33.4% in the 1st quarter. Encompass Capital Advisors LLC now owns 2,500,589 shares of the company's stock valued at $12,328,000 after purchasing an additional 625,562 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Gran Tierra Energy in the 1st quarter valued at about $2,275,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Gran Tierra Energy by 897.5% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 346,499 shares of the company's stock valued at $1,693,000 after purchasing an additional 311,761 shares in the last quarter. Institutional investors own 31.70% of the company's stock.
Gran Tierra Energy Company Profile
(
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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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