Gran Tierra Energy Inc. (NYSE:GTE) CFO Ryan Ellson Acquires 12,000 Shares

Gran Tierra Energy Inc. (NYSE:GTE) CFO Ryan Ellson purchased 12,000 shares of Gran Tierra Energy stock in a transaction dated Monday, September 30th. The stock was acquired at an average price of $6.29 per share, with a total value of $75,480.00. Following the acquisition, the chief financial officer now owns 94,666 shares in the company, valued at approximately $595,449.14. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Gran Tierra Energy Stock Up 4.1 %

Shares of Gran Tierra Energy stock traded up $0.26 on Tuesday, reaching $6.53. The stock had a trading volume of 361,440 shares, compared to its average volume of 346,662. The company has a quick ratio of 0.63, a current ratio of 0.75 and a debt-to-equity ratio of 1.38. The stock has a market cap of $204.60 million, a PE ratio of 62.70 and a beta of 1.56. The firm’s 50 day moving average price is $7.43. Gran Tierra Energy Inc. has a 1 year low of $4.72 and a 1 year high of $10.40.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Aristides Capital LLC acquired a new stake in Gran Tierra Energy in the second quarter worth about $248,000. Renaissance Technologies LLC raised its position in shares of Gran Tierra Energy by 2.6% in the 2nd quarter. Renaissance Technologies LLC now owns 780,180 shares of the company’s stock valued at $7,544,000 after purchasing an additional 20,100 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Gran Tierra Energy by 5.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 206,579 shares of the company’s stock worth $1,998,000 after purchasing an additional 10,000 shares in the last quarter. Main Street Financial Solutions LLC grew its position 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 worth $4,355,000 after purchasing an additional 302,583 shares during the last quarter. Finally, American Century Companies Inc. grew its position in Gran Tierra Energy by 46.8% during the 2nd quarter. American Century Companies Inc. now owns 726,226 shares of the company’s stock worth $7,023,000 after purchasing an additional 231,595 shares during the last quarter. 31.70% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

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.