Gran Tierra Energy (NYSE:GTE) Now Covered by Analysts at Raymond James Financial

Investment analysts at Raymond James Financial assumed coverage on shares of Gran Tierra Energy (NYSE:GTEGet Free Report) in a research note issued on Friday, MarketBeat reports. The brokerage set a “market perform” rating on the stock.

Several other equities research analysts have also recently commented on the stock. Stifel Nicolaus began coverage on shares of Gran Tierra Energy in a research report on Tuesday, May 13th. They issued a “buy” rating for the company. Wall Street Zen downgraded shares of Gran Tierra Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th.

Get Our Latest Stock Report on GTE

Gran Tierra Energy Stock Performance

Shares of GTE stock opened at $5.73 on Friday. The firm has a market capitalization of $202.44 million, a price-to-earnings ratio of 4.01 and a beta of 0.81. The stock has a fifty day moving average of $4.82 and a 200 day moving average of $5.47. Gran Tierra Energy has a 52 week low of $3.34 and a 52 week high of $10.40. The company has a quick ratio of 1.19, a current ratio of 1.31 and a debt-to-equity ratio of 1.71.

Insider Activity

In other Gran Tierra Energy news, major shareholder Equinox Partners Investment Ma bought 5,000 shares of Gran Tierra Energy stock in a transaction dated Wednesday, April 2nd. The shares were purchased at an average cost of $5.16 per share, with a total value of $25,800.00. Following the transaction, the insider now directly owns 1,737,936 shares of the company’s stock, valued at $8,967,749.76. This represents a 0.29% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders bought a total of 523,468 shares of company stock worth $2,228,974 in the last quarter. 6.45% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Quantbot Technologies LP purchased a new stake in Gran Tierra Energy in the fourth quarter worth about $35,000. Private Trust Co. NA bought a new stake in shares of Gran Tierra Energy in the 4th quarter worth approximately $51,000. Lazard Asset Management LLC purchased a new stake in shares of Gran Tierra Energy in the 4th quarter worth approximately $81,000. Hsbc Holdings PLC purchased a new stake in shares of Gran Tierra Energy in the 1st quarter worth approximately $90,000. Finally, Payden & Rygel bought a new position in Gran Tierra Energy during the 4th quarter valued at approximately $145,000. 31.70% of the stock is owned by hedge funds and other institutional investors.

About Gran Tierra Energy

(Get Free Report)

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.

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