Gran Tierra Energy (TSE:GTE) Upgraded to "Hold" at Raymond James Financial

Gran Tierra Energy (TSE:GTE - Get Free Report) NYSEMKT: GTE was upgraded by Raymond James Financial to a "hold" rating in a research report issued on Thursday, Marketbeat.com reports.

Gran Tierra Energy Stock Down 5.5%

Shares of TSE GTE traded down C$0.41 during mid-day trading on Thursday, reaching C$7.07. 31,193 shares of the company's stock traded hands, compared to its average volume of 36,205. The company has a debt-to-equity ratio of 176.57, a current ratio of 1.31 and a quick ratio of 0.58. The business has a 50-day simple moving average of C$6.68 and a 200 day simple moving average of C$7.73. The stock has a market cap of C$181.25 million, a P/E ratio of 3.38, a PEG ratio of 0.23 and a beta of 1.57. Gran Tierra Energy has a 1-year low of C$4.76 and a 1-year high of C$14.23.

Insider Buying and Selling at Gran Tierra Energy

In other news, Director David Paul Smith sold 4,798 shares of the stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of C$7.38, for a total transaction of C$35,403.48. Corporate insiders own 3.32% of the company's stock.

Gran Tierra Energy Company Profile

Gran Tierra Energy Inc is an independent energy company. It is engaged in the acquisition, exploration, development, and production of oil and gas properties in proven, under-explored hydrocarbon basins that have access to established infrastructure. The firm produces primarily light crude oil, supplemented with medium crude and natural gas.