Gran Tierra Energy (NYSE:GTE) Shares Down 6.9% - Time to Sell?

Key Points

• Shares fell 6.9% to about $8.74 on Wednesday with volume ~38% below average; the stock has a market cap of $308.5M and is trading near its 50‑day moving average ($8.09).
• Analyst views are mixed—Roth MKM downgraded to neutral while Raymond James upgraded to a "moderate buy"—but the consensus rating is "Buy" with a consensus price target of $9.73 and one firm setting a $14 target.
• Several institutional investors materially increased holdings in the most recent quarter (e.g., Equinox +1.28M shares, LM Asset +899,620 shares), and institutions now own 31.7% of the company.

Gran Tierra Energy Inc. (NYSE:GTE - Get Free Report) shares traded down 6.9% on Wednesday . The stock traded as low as $8.64 and last traded at $8.74. 422,694 shares traded hands during mid-day trading, a decline of 38% from the average session volume of 681,961 shares. The stock had previously closed at $9.39.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Roth Mkm lowered Gran Tierra Energy from a "buy" rating to a "neutral" rating in a report on Thursday, January 29th. Raymond James Financial raised Gran Tierra Energy from a "hold" rating to a "moderate buy" rating in a report on Monday, March 30th. Finally, Canaccord Genuity Group set a $14.00 price objective on Gran Tierra Energy in a report on Tuesday, April 14th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $9.73.

Gran Tierra Energy Trading Down 6.9%

The stock has a market cap of $308.51 million, a P/E ratio of 6.11 and a beta of 0.17. The company has a debt-to-equity ratio of 1.71, a quick ratio of 1.19 and a current ratio of 1.31. The stock has a 50-day moving average price of $8.09 and a 200-day moving average price of $5.84.

Institutional Trading of Gran Tierra Energy

A number of large investors have recently modified their holdings of the business. Equinox Partners Investment Management LLC boosted its position in shares of Gran Tierra Energy by 25.2% during the 4th quarter. Equinox Partners Investment Management LLC now owns 6,381,471 shares of the company's stock valued at $27,057,000 after acquiring an additional 1,283,783 shares during the last quarter. LM Asset Management Inc. boosted its position in shares of Gran Tierra Energy by 32.2% during the 4th quarter. LM Asset Management Inc. now owns 3,691,420 shares of the company's stock valued at $15,652,000 after acquiring an additional 899,620 shares during the last quarter. Bridgeway Capital Management LLC boosted its position in shares of Gran Tierra Energy by 0.9% during the 4th quarter. Bridgeway Capital Management LLC now owns 559,360 shares of the company's stock valued at $2,372,000 after acquiring an additional 5,098 shares during the last quarter. Empowered Funds LLC lifted its position in Gran Tierra Energy by 7.2% in the 1st quarter. Empowered Funds LLC now owns 233,271 shares of the company's stock worth $1,150,000 after buying an additional 15,719 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Gran Tierra Energy by 148.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 217,505 shares of the company's stock worth $922,000 after buying an additional 129,973 shares during the last quarter. Institutional investors own 31.70% of the company's stock.

Gran Tierra Energy Company Profile

Gran Tierra Energy Inc is an independent oil and gas exploration and production company focused on on-shore assets in South America. Headquartered in Calgary, Alberta, the company trades on the New York Stock Exchange under the symbol GTE. Since its founding in 2006, Gran Tierra has assembled a diversified portfolio of exploration and development blocks, with principal operations in Colombia’s Llanos and Putumayo basins and in Ecuador’s Oriente Basin.

The company’s core activities encompass the full upstream value chain, from geological and geophysical surveys to drilling, completion and production operations.

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