Gran Tierra Energy Inc. (NYSE:GTE – Get Free Report) CEO Gary Guidry acquired 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The shares were acquired at an average cost of $6.03 per share, for a total transaction of $90,450.00. Following the purchase, the chief executive officer now directly owns 440,672 shares of the company’s stock, valued at $2,657,252.16. The purchase was disclosed in a legal filing with the SEC, which is available at this link.
Gary Guidry also recently made the following trade(s):
- On Thursday, September 19th, Gary Guidry bought 40,000 shares of Gran Tierra Energy stock. The stock was purchased at an average price of $6.11 per share, for a total transaction of $244,400.00.
Gran Tierra Energy Stock Performance
Shares of NYSE:GTE opened at $6.10 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.63 and a debt-to-equity ratio of 1.38. The stock’s fifty day moving average is $8.02. Gran Tierra Energy Inc. has a fifty-two week low of $4.72 and a fifty-two week high of $10.40. The company has a market capitalization of $191.13 million, a price-to-earnings ratio of 61.00 and a beta of 1.56.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Sanders Morris Harris LLC purchased a new stake in shares of Gran Tierra Energy during the 1st quarter valued at $85,000. RPO LLC purchased a new stake in Gran Tierra Energy in the fourth quarter valued at approximately $77,000. Aristides Capital LLC acquired a new position in Gran Tierra Energy in the 2nd quarter worth approximately $248,000. Quadrature Capital Ltd acquired a new position in Gran Tierra Energy in the 4th quarter worth approximately $151,000. Finally, Hillsdale Investment Management Inc. acquired a new position in Gran Tierra Energy in the 1st quarter worth approximately $203,000. Institutional investors own 31.70% of the company’s stock.
Analysts Set New Price Targets
Separately, StockNews.com cut shares of Gran Tierra Energy from a “strong-buy” rating to a “buy” rating in a report on Monday, August 5th.
Check Out Our Latest Research Report on GTE
About Gran Tierra Energy
Gran Tierra Energy Inc is an international oil and gas exploration and production company, headquartered in Calgary, Canada, incorporated and traded in the United States and operating in South America. Gran Tierra Energy holds interests in producing and prospective properties in Argentina, Colombia and Peru.
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