Gran Tierra Energy Inc. (NYSE:GTE) CEO Gary Guidry Purchases 40,000 Shares of Stock

Gran Tierra Energy Inc. (NYSE:GTE) CEO Gary Guidry acquired 40,000 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The shares were purchased at an average cost of $6.11 per share, for a total transaction of $244,400.00. Following the completion of the transaction, the chief executive officer now directly owns 525,672 shares in the company, valued at approximately $3,211,855.92. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Gary Guidry also recently made the following trade(s):

• On Tuesday, September 17th, Gary Guidry bought 15,000 shares of Gran Tierra Energy stock. The stock was purchased at an average price of $6.03 per share, for a total transaction of $90,450.00.

Gran Tierra Energy Price Performance

GTE stock opened at $6.10 on Friday. The stock has a market capitalization of $191.13 million, a PE ratio of 61.00 and a beta of 1.56. The company has a quick ratio of 0.63, a current ratio of 0.75 and a debt-to-equity ratio of 1.38. Gran Tierra Energy Inc. has a 1-year low of $4.72 and a 1-year high of $10.40. The business has a fifty day simple moving average of $8.02.

Gran Tierra Energy (NYSE:GTE) last announced its earnings results on Wednesday, July 31st. The company reported $1.16 earnings per share for the quarter. Gran Tierra Energy had a net margin of 7.68% and a return on equity of 12.60%. The business had revenue of $165.61 million during the quarter.

Institutional Trading of Gran Tierra Energy

Hedge funds have recently bought and sold shares of the stock. Jump Financial LLC raised its holdings in Gran Tierra Energy by 18.7% during the fourth quarter. Jump Financial LLC now owns 50,200 shares of the company’s stock valued at $283,000 after acquiring an additional 7,900 shares during the period. Intact Investment Management Inc. bought a new stake in shares of Gran Tierra Energy in the second quarter worth about $696,000. Quadrature Capital Ltd lifted its position in shares of Gran Tierra Energy by 123.3% in the first quarter. Quadrature Capital Ltd now owns 60,056 shares of the company’s stock worth $430,000 after buying an additional 33,167 shares in the last quarter. Equinox Partners Investment Management LLC bought a new position in Gran Tierra Energy during the second quarter valued at approximately $7,735,000. Finally, Main Street Financial Solutions LLC grew its holdings in Gran Tierra Energy by 204.7% during the 2nd quarter. Main Street Financial Solutions LLC now owns 450,403 shares of the company’s stock valued at $4,355,000 after buying an additional 302,583 shares in the last quarter. Institutional investors own 31.70% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Gran Tierra Energy from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 5th.

Gran Tierra Energy Company Profile

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.