Gran Tierra Energy (NYSE:GTE) Upgraded to “Strong-Buy” by StockNews.com

StockNews.com upgraded shares of Gran Tierra Energy (NYSE:GTE) from a buy rating to a strong-buy rating in a report issued on Tuesday morning.

A number of other brokerages also recently weighed in on GTE. TheStreet downgraded shares of Gran Tierra Energy from a c- rating to a d rating in a research report on Wednesday, March 6th. Royal Bank of Canada increased their price target on Gran Tierra Energy from $9.00 to $10.00 and gave the stock a sector perform rating in a research report on Wednesday, March 13th.

Gran Tierra Energy Stock Up 4.1 %

Gran Tierra Energy stock opened at $9.24 on Tuesday. Gran Tierra Energy has a 52 week low of $4.62 and a 52 week high of $9.42.

Gran Tierra Energy (NYSE:GTE) last issued its earnings results on Tuesday, February 20th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.33. The company had revenue of $154.94 million during the quarter.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Ingalls & Snyder LLC purchased a new stake in Gran Tierra Energy during the 4th quarter worth approximately $75,000. RPO LLC acquired a new stake in shares of Gran Tierra Energy in the fourth quarter valued at $77,000. Sanders Morris Harris LLC purchased a new position in Gran Tierra Energy in the first quarter valued at $85,000. Toronto Dominion Bank purchased a new stake in Gran Tierra Energy during the 3rd quarter worth about $91,000. Finally, Empower Advisory Group LLC acquired a new stake in Gran Tierra Energy in the 3rd quarter valued at about $104,000.