Jim Evans Sells 3,240 Shares of Gran Tierra Energy (NYSE:GTE) Stock

Gran Tierra Energy Inc. (NYSE:GTE) EVP Jim Evans sold 3,240 shares of the firm’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $3.96, for a total value of $12,830.40. Following the completion of the transaction, the executive vice president directly owned 46,576 shares of the company’s stock, valued at approximately $184,440.96. This trade represents a 6.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Jim Evans also recently made the following trade(s):

• On Friday, December 12th, Jim Evans sold 2,900 shares of Gran Tierra Energy stock. The shares were sold at an average price of $3.96, for a total transaction of $11,484.00.

Gran Tierra Energy Price Performance

Shares of Gran Tierra Energy stock traded down $0.14 during trading on Tuesday, hitting $3.76. 315,135 shares of the company’s stock traded hands, compared to its average volume of 343,510. The company has a market cap of $132.71 million, a PE ratio of 2.63 and a beta of 0.35. The firm’s fifty day moving average price is $4.21 and its 200 day moving average price is $4.39. Gran Tierra Energy Inc. has a twelve month low of $3.09 and a twelve month high of $8.19. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.31 and a quick ratio of 1.19.

Institutional Trading of Gran Tierra Energy

A number of hedge funds and other institutional investors have recently modified their holdings of GTE. Quadrature Capital Ltd acquired a new position in Gran Tierra Energy during the 2nd quarter worth $56,000. Bank of America Corp DE boosted its holdings in Gran Tierra Energy by 270.3% in the second quarter. Bank of America Corp DE now owns 15,962 shares of the company’s stock valued at $76,000 after acquiring an additional 11,651 shares during the last quarter. Hsbc Holdings PLC acquired a new stake in Gran Tierra Energy in the first quarter worth about $90,000. XTX Topco Ltd acquired a new stake in shares of Gran Tierra Energy during the 2nd quarter worth approximately $92,000. Finally, Marshall Wace LLP bought a new stake in shares of Gran Tierra Energy during the second quarter worth approximately $97,000. Institutional investors and hedge funds own 31.70% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Roth Capital assumed coverage on shares of Gran Tierra Energy in a research note on Friday. They set a “buy” rating and a $5.45 price objective on the stock. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $5.45.

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.