Raymond James Financial upgraded shares of Gran Tierra Energy (TSE:GTE – Free Report) (NYSEMKT:GTE) to a hold rating in a research report report published on Thursday morning,Zacks.com reports.
Gran Tierra Energy Stock Performance
Shares of GTE opened at C$7.93 on Thursday. Gran Tierra Energy has a one year low of C$4.76 and a one year high of C$14.23. The company has a 50-day moving average of C$6.65 and a two-hundred day moving average of C$7.75. The stock has a market cap of C$203.29 million, a price-to-earnings ratio of 3.80, a PEG ratio of 0.23 and a beta of 1.57. The company has a debt-to-equity ratio of 176.57, a current ratio of 1.31 and a quick ratio of 0.58.
Insiders Place Their Bets
In other news, Director David Paul Smith sold 4,798 shares of the stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of C$7.38, for a total value of C$35,403.48. Corporate insiders own 3.32% of the company’s stock.
About Gran Tierra Energy
Gran Tierra Energy Inc is an independent energy company. It is engaged in the acquisition, exploration, development, and production of oil and gas properties in proven, under-explored hydrocarbon basins that have access to established infrastructure. The firm produces primarily light crude oil, supplemented with medium crude and natural gas.
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