Gran Tierra Energy (NYSEAMERICAN:GTE) Upgraded to “Strong-Buy” at StockNews.com

Gran Tierra Energy (NYSEAMERICAN:GTE) was upgraded by investment analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued on Saturday.

Other equities analysts have also recently issued research reports about the company. Royal Bank of Canada upped their target price on Gran Tierra Energy from $9.00 to $10.00 and gave the stock a “sector perform” rating in a report on Wednesday, March 13th. TheStreet downgraded shares of Gran Tierra Energy from a “c-” rating to a “d” rating in a research report on Wednesday, March 6th.

Gran Tierra Energy Stock Performance

Shares of NYSEAMERICAN:GTE opened at $8.64 on Friday. Gran Tierra Energy has a 12 month low of $4.62 and a 12 month high of $9.03. The company has a market capitalization of $279.24 million, a PE ratio of 86.41 and a beta of 1.53. The company has a quick ratio of 0.32, a current ratio of 0.43 and a debt-to-equity ratio of 1.31.

Gran Tierra Energy (NYSEAMERICAN:GTE) last announced its quarterly earnings results on Tuesday, February 20th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.33. The company had revenue of $154.94 million for the quarter. Gran Tierra Energy had a net margin of 0.51% and a return on equity of 0.85%.

Hedge Funds Weigh In On Gran Tierra Energy

Hedge funds have recently made changes to their positions in the stock. Sanders Morris Harris LLC acquired a new stake in Gran Tierra Energy during the 1st quarter worth about $85,000. Toronto Dominion Bank acquired a new position in shares of Gran Tierra Energy during the 3rd quarter valued at $91,000. Ingalls & Snyder LLC bought a new position in Gran Tierra Energy during the fourth quarter worth $75,000. RPO LLC bought a new stake in Gran Tierra Energy in the fourth quarter valued at $77,000. Finally, Empower Advisory Group LLC acquired a new position in shares of Gran Tierra Energy during the third quarter valued at about $104,000. 31.70% of the stock is currently owned by institutional investors.

About Gran Tierra Energy

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.