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

Equities research analysts at Stifel Nicolaus initiated coverage on shares of Gran Tierra Energy (NYSE:GTE - Get Free Report) in a report issued on Tuesday. The brokerage set a "buy" rating on the stock.

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

Gran Tierra Energy Trading Up 8.7%

Shares of Gran Tierra Energy stock traded up $0.41 during trading on Tuesday, hitting $5.13. 120,411 shares of the company were exchanged, compared to its average volume of 294,883. The firm has a market capitalization of $181.24 million, a P/E ratio of 3.59 and a beta of 0.71. 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's fifty day moving average price is $4.54 and its 200 day moving average price is $5.73. Gran Tierra Energy has a 1-year low of $3.34 and a 1-year high of $10.40.

Insider Activity at Gran Tierra Energy

In other Gran Tierra Energy news, major shareholder Equinox Partners Investment Ma purchased 98,678 shares of the business's stock in a transaction dated Monday, April 21st. The shares were bought at an average price of $4.66 per share, for a total transaction of $459,839.48. Following the completion of the acquisition, the insider now owns 1,994,486 shares in the company, valued at approximately $9,294,304.76. This trade represents a 5.21% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over 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.

Institutional Investors Weigh In On Gran Tierra Energy

A number of hedge funds have recently added to or reduced their stakes in GTE. Equinox Partners Investment Management LLC increased its position in shares of Gran Tierra Energy by 63.6% during the fourth quarter. Equinox Partners Investment Management LLC now owns 3,390,114 shares of the company's stock worth $24,511,000 after acquiring an additional 1,318,488 shares in the last quarter. Encompass Capital Advisors LLC purchased a new stake in shares of Gran Tierra Energy during the fourth quarter valued at approximately $13,557,000. American Century Companies Inc. lifted its holdings in Gran Tierra Energy by 11.9% during the fourth quarter. American Century Companies Inc. now owns 1,171,287 shares of the company's stock worth $8,468,000 after acquiring an additional 124,138 shares during the period. LM Asset IM Inc. purchased a new stake in shares of Gran Tierra Energy during the 4th quarter valued at $7,928,000. Finally, Renaissance Technologies LLC raised its stake in shares of Gran Tierra Energy by 22.7% during the 4th quarter. Renaissance Technologies LLC now owns 865,280 shares of the company's stock worth $6,256,000 after purchasing an additional 159,900 shares during the period. Institutional investors and hedge funds own 31.70% of the company's stock.

About Gran Tierra Energy

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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