Gran Tierra Energy (NYSE:GTE) Coverage Initiated by Analysts at Stifel Nicolaus

Equities research analysts at Stifel Nicolaus started coverage on shares of Gran Tierra Energy (NYSE:GTE - Get Free Report) in a note issued to investors on Tuesday, MarketBeat.com reports. The firm set a "buy" rating on the stock.

Separately, StockNews.com downgraded Gran Tierra Energy from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th.

Gran Tierra Energy Price Performance

Shares of GTE remained flat at $4.88 during mid-day trading on Tuesday. 107,604 shares of the stock traded hands, compared to its average volume of 294,855. The firm has a market capitalization of $172.41 million, a P/E ratio of 3.41 and a beta of 0.71. Gran Tierra Energy has a one year low of $3.34 and a one year high of $10.40. The stock has a 50 day moving average of $4.58 and a 200-day moving average of $5.70. The company has a debt-to-equity ratio of 1.71, a quick ratio of 1.19 and a current ratio of 1.31.

Insider Buying and Selling at Gran Tierra Energy

In other news, major shareholder Equinox Partners Investment Ma bought 123,000 shares of the company's stock in a transaction dated Friday, April 4th. The stock was bought at an average price of $4.11 per share, with a total value of $505,530.00. Following the completion of the acquisition, the insider now owns 1,855,436 shares of the company's stock, valued at $7,625,841.96. This represents a 7.10% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders acquired 476,527 shares of company stock valued at $2,003,350 in the last quarter. 6.45% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Gran Tierra Energy

Hedge funds and other institutional investors have recently modified their holdings of the company. Quantbot Technologies LP bought a new position in shares of Gran Tierra Energy in the fourth quarter worth $35,000. Private Trust Co. NA bought a new position in Gran Tierra Energy in the fourth quarter valued at about $51,000. R Squared Ltd acquired a new stake in shares of Gran Tierra Energy during the fourth quarter valued at about $68,000. Lazard Asset Management LLC acquired a new stake in shares of Gran Tierra Energy during the fourth quarter valued at about $81,000. Finally, Hsbc Holdings PLC acquired a new stake in shares of Gran Tierra Energy during the first quarter valued at about $90,000. 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.