Gran Tierra Energy (NYSE:GTE) Stock Price Down 4.1% - Should You Sell?

Key Points

• Gran Tierra Energy's stock price fell 4.1% to $3.78, with trading volume increasing by 9% from the average daily volume.
• Analysts have issued a "market perform" rating for Gran Tierra Energy, with an overall average rating of "Moderate Buy" based on one Buy and one Hold rating.
• Despite the recent stock decline, the company reported an EPS of ($0.36), beating the consensus estimate, and holds a market capitalization of $133.40 million.

Gran Tierra Energy Inc. (NYSE:GTE - Get Free Report)'s stock price was down 4.1% on Friday . The company traded as low as $3.77 and last traded at $3.78. Approximately 325,163 shares traded hands during trading, an increase of 9% from the average daily volume of 299,070 shares. The stock had previously closed at $3.94.

Wall Street Analyst Weigh In

Separately, Raymond James Financial initiated coverage on Gran Tierra Energy in a report on Friday, June 20th. They issued a "market perform" rating on the stock. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy".

Gran Tierra Energy Price Performance

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 company has a market capitalization of $133.40 million, a P/E ratio of 2.64 and a beta of 0.79. The company has a fifty day moving average price of $4.12 and a 200 day moving average price of $4.48.

Gran Tierra Energy (NYSE:GTE - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported ($0.36) EPS for the quarter, topping the consensus estimate 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 period in the previous year, the business posted $1.16 earnings per share.

Insiders Place Their Bets

In other news, Director David P. Smith sold 7,750 shares of the firm's stock in a transaction dated Friday, September 26th. The shares were sold at an average price of $4.58, for a total transaction of $35,495.00. Following the completion of the transaction, the director owned 59,750 shares in the company, valued at approximately $273,655. This trade represents a 11.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 6.45% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Gran Tierra Energy

Large investors have recently made changes to their positions in the business. Quadrature Capital Ltd acquired a new position in shares of Gran Tierra Energy in the second quarter worth about $56,000. Bank of America Corp DE boosted its position in shares of Gran Tierra Energy by 270.3% in the second quarter. Bank of America Corp DE now owns 15,962 shares of the company's stock worth $76,000 after buying an additional 11,651 shares during the period. Hsbc Holdings PLC acquired a new stake in shares of Gran Tierra Energy in the first quarter worth $90,000. XTX Topco Ltd acquired a new stake in shares of Gran Tierra Energy in the second quarter worth $92,000. Finally, Marshall Wace LLP acquired a new stake in shares of Gran Tierra Energy in the second quarter worth $97,000. Institutional investors 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.

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