Gran Tierra Energy (TSE:GTE) Stock Rating Upgraded by Raymond James Financial

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

Gran Tierra Energy Stock Down 3.2%

Gran Tierra Energy stock opened at C$7.93 on Thursday. The company has a market capitalization of C$203.29 million, a P/E ratio of 3.80, a P/E/G ratio of 0.23 and a beta of 1.57. The firm's fifty day simple moving average is C$6.65 and its 200-day simple moving average is C$7.76. The company has a current ratio of 1.31, a quick ratio of 0.58 and a debt-to-equity ratio of 176.57. Gran Tierra Energy has a 1-year low of C$4.76 and a 1-year high of C$14.23.

Insider Activity

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

About Gran Tierra Energy

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.

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