Gran Tierra Energy (NYSE:GTE) Downgraded by StockNews.com to “Hold”

Gran Tierra Energy (NYSE:GTE) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Monday.

Gran Tierra Energy Stock Down 3.1 %

Shares of NYSE:GTE traded down $0.24 during mid-day trading on Monday, hitting $7.40. 298,697 shares of the company traded hands, compared to its average volume of 331,152. The firm has a market cap of $226.81 million, a P/E ratio of 5.17 and a beta of 1.53. The firm’s 50 day simple moving average is $6.88 and its 200 day simple moving average is $7.23. Gran Tierra Energy has a 52-week low of $4.72 and a 52-week 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.

Insider Activity at Gran Tierra Energy

In other Gran Tierra Energy news, Director Ronald Royal sold 19,967 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $6.88, for a total transaction of $137,372.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 7.06% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. American Century Companies Inc. increased its position in Gran Tierra Energy by 46.8% in the 2nd quarter. American Century Companies Inc. now owns 726,226 shares of the company’s stock worth $7,023,000 after buying an additional 231,595 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Gran Tierra Energy by 5.1% in the second quarter. Dimensional Fund Advisors LP now owns 206,579 shares of the company’s stock valued at $1,998,000 after acquiring an additional 10,000 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Gran Tierra Energy by 2.6% during the second quarter. Renaissance Technologies LLC now owns 780,180 shares of the company’s stock worth $7,544,000 after purchasing an additional 20,100 shares during the last quarter. Aristides Capital LLC bought a new position in shares of Gran Tierra Energy in the second quarter worth about $248,000. Finally, Exchange Traded Concepts LLC lifted its holdings in Gran Tierra Energy by 40.2% during the 3rd quarter. Exchange Traded Concepts LLC now owns 48,412 shares of the company’s stock worth $304,000 after buying an additional 13,874 shares in the last quarter. Institutional investors and hedge funds own 31.70% of the company’s stock.

Gran Tierra Energy Company Profile

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.