Gran Tierra Energy (NYSE:GTE) Coverage Initiated by Analysts at Stifel Nicolaus

Stifel Nicolaus initiated coverage on shares of Gran Tierra Energy (NYSE:GTE) in a research report released on Tuesday morning, MarketBeat Ratings reports. The brokerage issued a buy rating on the stock.

Separately, StockNews.com downgraded shares of Gran Tierra Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th.

Gran Tierra Energy Trading Up 13.1%

Shares of GTE stock opened at $5.34 on Tuesday. Gran Tierra Energy has a 1 year low of $3.34 and a 1 year high of $10.40. The firm has a fifty day moving average price of $4.56 and a 200-day moving average price of $5.73. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.31 and a quick ratio of 1.19. The company has a market cap of $188.66 million, a price-to-earnings ratio of 3.73 and a beta of 0.71.

Insider Buying and Selling

In other news, major shareholder Equinox Partners Investment Ma bought 33,531 shares of the company’s stock in a transaction that occurred on Thursday, April 10th. The stock was bought at an average price of $3.73 per share, with a total value of $125,070.63. Following the acquisition, the insider now owns 1,937,651 shares of the company’s stock, valued at approximately $7,227,438.23. This represents a 1.76% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last quarter, insiders bought 476,527 shares of company stock valued at $2,003,350. Company insiders own 6.45% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Equinox Partners Investment Management LLC boosted its holdings in Gran Tierra Energy by 63.6% in the 4th quarter. Equinox Partners Investment Management LLC now owns 3,390,114 shares of the company’s stock worth $24,511,000 after buying an additional 1,318,488 shares during the period. Encompass Capital Advisors LLC bought a new position in Gran Tierra Energy in the 4th quarter worth $13,557,000. American Century Companies Inc. lifted its stake in Gran Tierra Energy by 11.3% in 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. LM Asset IM Inc. bought a new position in shares of Gran Tierra Energy during the 4th quarter valued at about $7,928,000. Finally, Renaissance Technologies LLC boosted its holdings in shares of Gran Tierra Energy by 22.7% during the 4th quarter. Renaissance Technologies LLC now owns 865,280 shares of the company’s stock valued at $6,256,000 after purchasing an additional 159,900 shares during the last quarter. Institutional investors own 31.70% of the company’s stock.

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.