Gran Tierra Energy (NYSE:GTE) Cut to Buy at StockNews.com

Gran Tierra Energy (NYSE:GTE) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a report issued on Monday.

Gran Tierra Energy Stock Performance

NYSE GTE traded down $0.10 during trading on Monday, reaching $7.63. 441,133 shares of the company’s stock were exchanged, compared to its average volume of 359,387. The firm has a market cap of $239.06 million, a PE ratio of 76.30 and a beta of 1.60. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.55 and a current ratio of 0.75. The stock has a 50 day simple moving average of $9.55. Gran Tierra Energy has a 1 year low of $4.72 and a 1 year high of $10.40.

Institutional Trading of Gran Tierra Energy

Institutional investors and hedge funds have recently made changes to their positions in the company. Ingalls & Snyder LLC purchased a new stake in shares of Gran Tierra Energy in the 4th quarter valued at about $75,000. RPO LLC acquired a new position in Gran Tierra Energy in the 4th quarter valued at about $77,000. Sanders Morris Harris LLC acquired a new position in Gran Tierra Energy in the 1st quarter valued at about $85,000. Quadrature Capital Ltd acquired a new position in Gran Tierra Energy in the 4th quarter valued at about $151,000. Finally, Hillsdale Investment Management Inc. acquired a new position in Gran Tierra Energy in the 1st quarter valued at about $203,000. 31.70% of the stock is owned by hedge funds and other institutional investors.

About Gran Tierra Energy

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.