Gran Tierra Energy (NYSE:GTE) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Gran Tierra Energy (NYSE:GTE) from a hold rating to a buy rating in a research note published on Tuesday morning.

Gran Tierra Energy Stock Performance

GTE opened at $5.76 on Tuesday. Gran Tierra Energy has a 1-year low of $5.01 and a 1-year high of $10.40. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.31 and a quick ratio of 1.19. The business has a 50 day moving average price of $6.75 and a two-hundred day moving average price of $6.80. The company has a market capitalization of $176.54 million, a price-to-earnings ratio of 4.03 and a beta of 1.49.

Insider Buying and Selling

In other Gran Tierra Energy news, Director Ronald Royal sold 19,967 shares of Gran Tierra Energy stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $6.88, for a total transaction of $137,372.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 6.45% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quantbot Technologies LP acquired a new stake in Gran Tierra Energy in the fourth quarter valued at approximately $35,000. Private Trust Co. NA bought a new position in Gran Tierra Energy during the fourth quarter valued at about $51,000. Quarry LP acquired a new position in shares of Gran Tierra Energy in the 3rd quarter valued at $52,000. R Squared Ltd acquired a new stake in Gran Tierra Energy in the 4th quarter valued at $68,000. Finally, Centiva Capital LP bought a new position in shares of Gran Tierra Energy in the third quarter valued at approximately $73,000. 31.70% of the stock is owned by hedge funds and other 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.