Gran Tierra Energy (NYSE:GTE) Cut to Hold at StockNews.com

StockNews.com downgraded shares of Gran Tierra Energy (NYSE:GTE) from a buy rating to a hold rating in a report released on Tuesday morning.

Gran Tierra Energy Trading Up 0.4 %

GTE opened at $4.66 on Tuesday. The stock has a 50-day moving average of $6.45 and a 200 day moving average of $6.59. The company has a current ratio of 1.31, a quick ratio of 1.19 and a debt-to-equity ratio of 1.71. Gran Tierra Energy has a 12 month low of $4.59 and a 12 month high of $10.40. The firm has a market cap of $142.83 million, a P/E ratio of 3.26 and a beta of 1.49.

Insider Activity

In other news, Director Ronald Royal sold 19,967 shares of Gran Tierra Energy stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $6.88, for a total transaction of $137,372.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 7.06% of the company’s stock.

Institutional Investors Weigh In On Gran Tierra Energy

Large investors have recently added to or reduced their stakes in the stock. Quantbot Technologies LP bought a new stake in shares of Gran Tierra Energy during the fourth quarter valued at approximately $35,000. Private Trust Co. NA bought a new stake in shares of Gran Tierra Energy in the fourth quarter valued at about $51,000. Quarry LP purchased a new stake in Gran Tierra Energy in the third quarter worth about $52,000. R Squared Ltd purchased a new position in Gran Tierra Energy during the 4th quarter valued at about $68,000. Finally, Lazard Asset Management LLC bought a new stake in shares of Gran Tierra Energy in the 4th quarter valued at about $81,000. 31.70% of the stock is owned by hedge funds and other institutional investors.

About Gran Tierra Energy

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.