Gran Tierra Energy (NYSE:GTE) Director David Smith Sells 7,750 Shares

Gran Tierra Energy Inc. (NYSE:GTE) Director David Smith sold 7,750 shares of the firm’s stock in a transaction dated Friday, September 26th. The stock was sold at an average price of $4.58, for a total transaction of $35,495.00. Following the sale, the director owned 59,750 shares of the company’s stock, valued at approximately $273,655. This represents a 11.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Gran Tierra Energy Stock Up 5.7%

Gran Tierra Energy stock opened at $4.60 on Thursday. The stock has a market cap of $162.34 million, a P/E ratio of 3.22 and a beta of 0.86. The company has a quick ratio of 1.19, a current ratio of 1.31 and a debt-to-equity ratio of 1.71. Gran Tierra Energy Inc. has a twelve month low of $3.34 and a twelve month high of $8.19. The company’s 50-day moving average price is $4.09 and its two-hundred day moving average price is $4.53.

Gran Tierra Energy (NYSE:GTE) last issued its quarterly earnings data on Wednesday, July 30th. The company reported ($0.36) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.43) by $0.07. Gran Tierra Energy had a return on equity of 11.36% and a net margin of 7.17%.During the same quarter in the previous year, the firm earned $1.16 earnings per share.

Analyst Upgrades and Downgrades

Separately, Raymond James Financial initiated coverage on Gran Tierra Energy in a report on Friday, June 20th. They issued a “market perform” rating on the stock. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Institutional Investors Weigh In On Gran Tierra Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in GTE. Bank of America Corp DE boosted its stake in shares of Gran Tierra Energy by 959.2% in the fourth quarter. Bank of America Corp DE now owns 277,168 shares of the company’s stock valued at $2,004,000 after buying an additional 251,001 shares during the period. Equinox Partners Investment Management LLC lifted its position in shares of Gran Tierra Energy by 9.6% during the 1st quarter. Equinox Partners Investment Management LLC now owns 3,716,114 shares of the company’s stock valued at $18,320,000 after acquiring an additional 326,000 shares during the period. American Century Companies Inc. grew its holdings in shares of Gran Tierra Energy by 11.3% during the 1st quarter. American Century Companies Inc. now owns 1,303,105 shares of the company’s stock worth $6,424,000 after purchasing an additional 131,818 shares in the last quarter. Encompass Capital Advisors LLC grew its holdings in shares of Gran Tierra Energy by 33.4% during the 1st quarter. Encompass Capital Advisors LLC now owns 2,500,589 shares of the company’s stock worth $12,328,000 after purchasing an additional 625,562 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Gran Tierra Energy by 897.5% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 346,499 shares of the company’s stock worth $1,693,000 after purchasing an additional 311,761 shares during the period. 31.70% of the stock is currently owned by institutional investors and hedge funds.

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.