Gran Tierra Energy Inc. (NYSE:GTE - Get Free Report) shares traded down 1.5% during trading on Wednesday . The company traded as low as $4.51 and last traded at $4.57. 215,077 shares were traded during trading, a decline of 27% from the average session volume of 296,655 shares. The stock had previously closed at $4.64.
Wall Street Analyst Weigh In
GTE has been the subject of several research reports. Stifel Nicolaus began coverage on Gran Tierra Energy in a report on Tuesday, May 13th. They set a "buy" rating for the company. Raymond James Financial started coverage on shares of Gran Tierra Energy in a research note on Friday, June 20th. They issued a "market perform" rating on the stock.
Get Our Latest Stock Analysis on Gran Tierra Energy
Gran Tierra Energy Stock Performance
The company has a market cap of $158.27 million, a PE ratio of 3.13 and a beta of 0.77. The company has a current ratio of 1.31, a quick ratio of 1.19 and a debt-to-equity ratio of 1.71. The business has a fifty day moving average of $4.98 and a 200-day moving average of $5.20.
Insider Activity at Gran Tierra Energy
In other Gran Tierra Energy news, major shareholder Equinox Partners Investment Ma bought 18,441 shares of the business's stock in a transaction on Monday, June 9th. The shares were acquired at an average cost of $4.75 per share, for a total transaction of $87,594.75. Following the purchase, the insider owned 2,018,707 shares in the company, valued at approximately $9,588,858.25. This trade represents a 0.92% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last quarter, insiders purchased 147,119 shares of company stock valued at $691,734. Insiders own 6.45% of the company's stock.
Hedge Funds Weigh In On Gran Tierra Energy
Institutional investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. grew its position in shares of Gran Tierra Energy by 6.5% during the first quarter. Goldman Sachs Group Inc. now owns 98,090 shares of the company's stock valued at $484,000 after purchasing an additional 6,015 shares in the last quarter. Empowered Funds LLC raised its stake in shares of Gran Tierra Energy by 7.2% during the first quarter. Empowered Funds LLC now owns 233,271 shares of the company's stock valued at $1,150,000 after acquiring an additional 15,719 shares in the last quarter. Encompass Capital Advisors LLC raised its stake in Gran Tierra Energy by 33.4% in the first quarter. Encompass Capital Advisors LLC now owns 2,500,589 shares of the company's stock worth $12,328,000 after buying an additional 625,562 shares in the last quarter. Equinox Partners Investment Management LLC raised its stake in Gran Tierra Energy by 9.6% in the first quarter. Equinox Partners Investment Management LLC now owns 3,716,114 shares of the company's stock worth $18,320,000 after buying an additional 326,000 shares in the last quarter. Finally, Bridgeway Capital Management LLC increased its position in shares of Gran Tierra Energy by 1.1% during the first quarter. Bridgeway Capital Management LLC now owns 558,374 shares of the company's stock worth $2,753,000 after purchasing an additional 6,219 shares in the last quarter. 31.70% of the stock is owned by institutional investors.
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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