Gran Tierra Energy Inc. (NYSE:GTE) CEO Buys $90,450.00 in Stock

Gran Tierra Energy Inc. (NYSE:GTE) CEO Gary Guidry bought 15,000 shares of the business’s stock in a transaction on Tuesday, September 17th. The shares were purchased at an average cost of $6.03 per share, with a total value of $90,450.00. Following the transaction, the chief executive officer now owns 440,672 shares in the company, valued at $2,657,252.16. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Gary Guidry also recently made the following trade(s):

• On Thursday, September 19th, Gary Guidry acquired 40,000 shares of Gran Tierra Energy stock. The stock was acquired at an average price of $6.11 per share, for a total transaction of $244,400.00.

Gran Tierra Energy Price Performance

NYSE:GTE opened at $6.37 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.63 and a debt-to-equity ratio of 1.38. The firm has a market cap of $199.58 million, a PE ratio of 63.70 and a beta of 1.56. The firm’s fifty day moving average is $7.87. Gran Tierra Energy Inc. has a one year low of $4.72 and a one year high of $10.40.

Gran Tierra Energy (NYSE:GTE) last released its earnings results on Wednesday, July 31st. The company reported $1.16 earnings per share for the quarter. The business had revenue of $165.61 million during the quarter. Gran Tierra Energy had a net margin of 7.68% and a return on equity of 12.60%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Aristides Capital LLC acquired a new position in shares of Gran Tierra Energy in the 2nd quarter valued at $248,000. Renaissance Technologies LLC raised its position in Gran Tierra Energy by 2.6% in the second quarter. Renaissance Technologies LLC now owns 780,180 shares of the company’s stock worth $7,544,000 after purchasing an additional 20,100 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Gran Tierra Energy by 5.1% during the second quarter. Dimensional Fund Advisors LP now owns 206,579 shares of the company’s stock worth $1,998,000 after purchasing an additional 10,000 shares during the period. Main Street Financial Solutions LLC lifted its stake in Gran Tierra Energy by 204.7% during the second quarter. Main Street Financial Solutions LLC now owns 450,403 shares of the company’s stock worth $4,355,000 after purchasing an additional 302,583 shares during the period. Finally, American Century Companies Inc. boosted its holdings in Gran Tierra Energy by 46.8% during the second quarter. American Century Companies Inc. now owns 726,226 shares of the company’s stock valued at $7,023,000 after purchasing an additional 231,595 shares in the last quarter. 31.70% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Gran Tierra Energy from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 5th.

Gran Tierra Energy Company Profile

Gran Tierra Energy Inc is an international oil and gas exploration and production company, headquartered in Calgary, Canada, incorporated and traded in the United States and operating in South America. Gran Tierra Energy holds interests in producing and prospective properties in Argentina, Colombia and Peru.