71,900 Shares in Gran Tierra Energy Inc. (NYSE:GTE) Purchased by Intact Investment Management Inc.

Intact Investment Management Inc. purchased a new position in Gran Tierra Energy Inc. (NYSE:GTE) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 71,900 shares of the company’s stock, valued at approximately $696,000. Intact Investment Management Inc. owned approximately 0.23% of Gran Tierra Energy at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Jump Financial LLC grew its stake in Gran Tierra Energy by 18.7% during the 4th quarter. Jump Financial LLC now owns 50,200 shares of the company’s stock valued at $283,000 after acquiring an additional 7,900 shares in the last quarter. RPO LLC purchased a new position in Gran Tierra Energy during the 4th quarter valued at about $77,000. Quadrature Capital Ltd purchased a new position in Gran Tierra Energy during the 4th quarter valued at about $151,000. Sanders Morris Harris LLC purchased a new position in Gran Tierra Energy during the 1st quarter valued at about $85,000. Finally, Hillsdale Investment Management Inc. purchased a new position in Gran Tierra Energy during the 1st quarter valued at about $203,000. Hedge funds and other institutional investors own 31.70% of the company’s stock.

Gran Tierra Energy Stock Performance

Shares of Gran Tierra Energy stock traded down $0.27 during trading on Friday, hitting $7.37. 328,858 shares of the stock traded hands, compared to its average volume of 345,830. The company has a market capitalization of $230.92 million, a PE ratio of 73.70 and a beta of 1.60. The company has a current ratio of 0.75, a quick ratio of 0.55 and a debt-to-equity ratio of 1.38. Gran Tierra Energy Inc. has a twelve month low of $4.72 and a twelve month high of $10.40. The business’s fifty day moving average is $8.97.

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

Analysts Set New Price Targets

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

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.