Gran Tierra Energy Inc. (NYSEAMERICAN:GTE) traded down 5.8% during trading on Wednesday . The stock traded as low as $2.13 and last traded at $2.13. 1,147,363 shares changed hands during mid-day trading, a decline of 21% from the average session volume of 1,457,457 shares. The stock had previously closed at $2.26.

Several equities research analysts have recently commented on the company. ValuEngine raised Gran Tierra Energy from a “sell” rating to a “hold” rating in a report on Monday, October 2nd. BidaskClub raised Gran Tierra Energy from a “sell” rating to a “hold” rating in a report on Saturday, November 4th.

A hedge fund recently raised its stake in Gran Tierra Energy stock. California Public Employees Retirement System boosted its holdings in Gran Tierra Energy Inc. (NYSEAMERICAN:GTE) by 19.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,913,047 shares of the company’s stock after acquiring an additional 307,247 shares during the period. California Public Employees Retirement System owned 0.49% of Gran Tierra Energy worth $4,362,000 as of its most recent filing with the Securities and Exchange Commission.

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About Gran Tierra Energy

Gran Tierra Energy Inc is an energy company engaged in oil and gas acquisition, exploration, development and production. The Company focuses on onshore oil and gas properties in Colombia, and also own rights to oil and gas properties in Brazil and Peru. Its segments are Colombia, Peru and Brazil based on geographic organization.

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