Gran Tierra Energy Inc. $GTE Stock Holdings Increased by Equinox Partners Investment Management LLC

Equinox Partners Investment Management LLC boosted its stake in Gran Tierra Energy Inc. (NYSE:GTE) by 25.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,381,471 shares of the company’s stock after buying an additional 1,283,783 shares during the period. Gran Tierra Energy makes up approximately 14.1% of Equinox Partners Investment Management LLC’s portfolio, making the stock its 2nd biggest position. Equinox Partners Investment Management LLC owned about 0.18% of Gran Tierra Energy worth $27,057,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank of America Corp DE raised its holdings in Gran Tierra Energy by 270.3% in the 2nd quarter. Bank of America Corp DE now owns 15,962 shares of the company’s stock valued at $76,000 after buying an additional 11,651 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in Gran Tierra Energy in the 4th quarter valued at about $81,000. XTX Topco Ltd acquired a new stake in shares of Gran Tierra Energy in the second quarter valued at $92,000. Marshall Wace LLP acquired a new stake in shares of Gran Tierra Energy in the second quarter valued at $97,000. Finally, Verition Fund Management LLC acquired a new stake in shares of Gran Tierra Energy in the fourth quarter valued at $101,000. 31.70% of the stock is currently owned by hedge funds and other institutional investors.

Gran Tierra Energy Stock Performance

Shares of GTE stock opened at $7.62 on Thursday. 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 52 week low of $3.09 and a 52 week high of $9.74. The stock has a market capitalization of $269.44 million, a PE ratio of 5.33 and a beta of 0.10. The firm has a 50 day moving average of $8.37 and a two-hundred day moving average of $6.74.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on GTE shares. Roth Mkm raised Gran Tierra Energy from a “neutral” rating to a “buy” rating in a research note on Tuesday. Canaccord Genuity Group set a $14.00 price objective on Gran Tierra Energy in a research note on Tuesday, April 14th. Finally, Raymond James Financial raised Gran Tierra Energy from a “hold” rating to a “moderate buy” rating in a research note on Monday, March 30th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $9.73.

About Gran Tierra Energy

Gran Tierra Energy Inc is an independent oil and gas exploration and production company focused on on-shore assets in South America. Headquartered in Calgary, Alberta, the company trades on the New York Stock Exchange under the symbol GTE. Since its founding in 2006, Gran Tierra has assembled a diversified portfolio of exploration and development blocks, with principal operations in Colombia’s Llanos and Putumayo basins and in Ecuador’s Oriente Basin.

The company’s core activities encompass the full upstream value chain, from geological and geophysical surveys to drilling, completion and production operations.