Raymond James Financial began coverage on shares of Gran Tierra Energy (NYSE:GTE - Free Report) in a research report released on Friday, Marketbeat reports. The firm issued a market perform rating on the stock.
Several other equities analysts have also issued reports on GTE. Wall Street Zen lowered Gran Tierra Energy from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Stifel Nicolaus started coverage on Gran Tierra Energy in a report on Tuesday, May 13th. They issued a "buy" rating on the stock.
Get Our Latest Analysis on Gran Tierra Energy
Gran Tierra Energy Stock Performance
Shares of Gran Tierra Energy stock traded down $0.25 during trading on Friday, reaching $5.48. The company's stock had a trading volume of 533,582 shares, compared to its average volume of 293,046. Gran Tierra Energy has a one year low of $3.34 and a one year high of $10.40. The company has a debt-to-equity ratio of 1.71, a quick ratio of 1.19 and a current ratio of 1.31. The firm has a market cap of $193.60 million, a price-to-earnings ratio of 3.83 and a beta of 0.81. The business's fifty day moving average price is $4.84 and its 200-day moving average price is $5.46.
Insiders Place Their Bets
In related news, major shareholder Equinox Partners Investment Ma purchased 123,000 shares of the business's stock in a transaction dated Friday, April 4th. The shares were bought at an average price of $4.11 per share, with a total value of $505,530.00. Following the purchase, the insider now directly owns 1,855,436 shares in the company, valued at $7,625,841.96. This trade represents a 7.10% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. In the last quarter, insiders have bought 523,468 shares of company stock valued at $2,228,974. 6.45% of the stock is currently owned by corporate insiders.
Institutional Trading of Gran Tierra Energy
A number of large investors have recently made changes to their positions in the company. Quantbot Technologies LP bought a new position in Gran Tierra Energy during the 4th quarter worth about $35,000. Private Trust Co. NA acquired a new stake in Gran Tierra Energy in the 4th quarter valued at about $51,000. Lazard Asset Management LLC acquired a new stake in Gran Tierra Energy in the 4th quarter valued at about $81,000. Hsbc Holdings PLC acquired a new stake in Gran Tierra Energy in the 1st quarter valued at about $90,000. Finally, Payden & Rygel acquired a new stake in Gran Tierra Energy in the 4th quarter valued at about $145,000. Institutional investors own 31.70% of the company's stock.
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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