Gran Tierra Energy (NYSE:GTE) Rating Lowered to Buy at StockNews.com

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

Gran Tierra Energy Trading Up 3.0 %

Shares of Gran Tierra Energy stock opened at $7.80 on Monday. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.75 and a quick ratio of 0.55. The business’s 50 day moving average is $9.46. The firm has a market cap of $244.39 million, a PE ratio of 78.00 and a beta of 1.60. Gran Tierra Energy has a twelve month low of $4.72 and a twelve month high of $10.40.

Institutional Trading of Gran Tierra Energy

Institutional investors and hedge funds have recently made changes to their positions in the stock. Jump Financial LLC raised its position in shares of Gran Tierra Energy by 18.7% during the 4th quarter. Jump Financial LLC now owns 50,200 shares of the company’s stock worth $283,000 after purchasing an additional 7,900 shares during the period. Quadrature Capital Ltd grew its holdings in Gran Tierra Energy by 123.3% in the 1st 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. Ingalls & Snyder LLC bought a new position in Gran Tierra Energy in the 4th quarter worth approximately $75,000. Sanders Morris Harris LLC bought a new position in Gran Tierra Energy in the 1st quarter worth approximately $85,000. Finally, RPO LLC bought a new position in Gran Tierra Energy in the 4th quarter worth approximately $77,000. 31.70% of the stock is currently owned by institutional investors and hedge funds.

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.