Gran Tierra Energy (NYSE:GTE) Lowered to Hold Rating by StockNews.com

StockNews.com downgraded shares of Gran Tierra Energy (NYSE:GTE) from a buy rating to a hold rating in a research note issued to investors on Monday.

Gran Tierra Energy Price Performance

Gran Tierra Energy stock opened at $7.40 on Monday. The stock has a market capitalization of $226.81 million, a price-to-earnings ratio of 5.17 and a beta of 1.53. 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. The stock’s 50 day moving average price is $6.88 and its two-hundred day moving average price is $7.23.

Insiders Place Their Bets

In other Gran Tierra Energy news, Director Ronald Royal sold 19,967 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $6.88, for a total value of $137,372.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 7.06% of the company’s stock.

Institutional Investors Weigh In On Gran Tierra Energy

Hedge funds and other institutional investors have recently made changes to their positions in the business. American Century Companies Inc. boosted its stake 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 valued at $7,023,000 after purchasing an additional 231,595 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Gran Tierra Energy by 5.1% during the second quarter. Dimensional Fund Advisors LP now owns 206,579 shares of the company’s stock valued at $1,998,000 after buying an additional 10,000 shares during the last quarter. Renaissance Technologies LLC boosted its position 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 valued at $7,544,000 after buying an additional 20,100 shares during the last quarter. Aristides Capital LLC bought a new stake in Gran Tierra Energy during the second quarter worth $248,000. Finally, Exchange Traded Concepts LLC raised its position in Gran Tierra Energy by 40.2% in the 3rd quarter. Exchange Traded Concepts LLC now owns 48,412 shares of the company’s stock valued at $304,000 after buying an additional 13,874 shares during the last quarter. 31.70% of the stock is owned by institutional investors.

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.