Gran Tierra Energy Inc. (NYSEAMERICAN:GTE - Get Free Report) saw a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 637,000 shares, a drop of 9.1% from the March 15th total of 700,400 shares. Approximately 2.0% of the company's stock are sold short. Based on an average daily trading volume, of 422,500 shares, the short-interest ratio is presently 1.5 days.
Institutional Trading of Gran Tierra Energy
A number of large investors have recently modified their holdings of the business. Sanders Morris Harris LLC purchased a new stake in shares of Gran Tierra Energy during the 1st quarter valued at $85,000. Quadrature Capital Ltd purchased a new stake in Gran Tierra Energy during the fourth quarter valued at about $151,000. Goldman Sachs Group Inc. bought a new stake in Gran Tierra Energy in the 4th quarter worth approximately $295,000. Occudo Quantitative Strategies LP lifted its holdings in shares of Gran Tierra Energy by 30.8% in the 4th quarter. Occudo Quantitative Strategies LP now owns 52,120 shares of the company's stock worth $294,000 after acquiring an additional 12,285 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in Gran Tierra Energy during the fourth quarter valued at about $672,000. Institutional investors own 31.70% of the company's stock.
Gran Tierra Energy Price Performance
NYSEAMERICAN:GTE traded up $0.02 during mid-day trading on Monday, hitting $8.11. 266,272 shares of the stock traded hands, compared to its average volume of 415,123. Gran Tierra Energy has a 12-month low of $4.62 and a 12-month high of $9.39. The company has a current ratio of 0.43, a quick ratio of 0.32 and a debt-to-equity ratio of 1.31. The stock has a market cap of $261.95 million, a P/E ratio of -40.52 and a beta of 1.62.
Gran Tierra Energy (NYSEAMERICAN:GTE - Get Free Report) last released its quarterly earnings results on Tuesday, February 20th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.33. The firm had revenue of $154.94 million for the quarter. Gran Tierra Energy had a negative net margin of 0.99% and a negative return on equity of 1.60%.
Analyst Ratings Changes
A number of brokerages have commented on GTE. Royal Bank of Canada boosted their price target on shares of Gran Tierra Energy from $9.00 to $10.00 and gave the company a "sector perform" rating in a research note on Wednesday, March 13th. TheStreet lowered Gran Tierra Energy from a "c-" rating to a "d" rating in a report on Wednesday, March 6th. Finally, StockNews.com upgraded Gran Tierra Energy from a "hold" rating to a "buy" rating in a report on Wednesday, March 20th.
Check Out Our Latest Stock Analysis on Gran Tierra Energy
About Gran Tierra Energy
(
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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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