Gran Tierra Energy Inc. (NYSE:GTE - Get Free Report) Director Ronald Royal sold 19,967 shares of Gran Tierra Energy stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $6.88, for a total value of $137,372.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Gran Tierra Energy Trading Down 2.2 %
GTE opened at $6.61 on Thursday. The company has a current ratio of 1.31, a quick ratio of 1.19 and a debt-to-equity ratio of 1.71. The firm has a market cap of $202.60 million, a price-to-earnings ratio of 4.60 and a beta of 1.57. Gran Tierra Energy Inc. has a 12 month low of $4.72 and a 12 month high of $10.40. The stock has a fifty day moving average price of $6.39 and a 200-day moving average price of $7.80.
Institutional Trading of Gran Tierra Energy
Several hedge funds have recently modified their holdings of the company. Barclays PLC increased its position in shares of Gran Tierra Energy by 25.6% during the third quarter. Barclays PLC now owns 33,755 shares of the company's stock worth $211,000 after purchasing an additional 6,875 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of Gran Tierra Energy during the 3rd quarter valued at $200,000. Quarry LP acquired a new position in Gran Tierra Energy during the 3rd quarter valued at about $52,000. Centiva Capital LP purchased a new stake in Gran Tierra Energy in the third quarter valued at about $73,000. Finally, PDT Partners LLC raised its stake in Gran Tierra Energy by 13.1% in the third quarter. PDT Partners LLC now owns 60,653 shares of the company's stock valued at $380,000 after buying an additional 7,030 shares during the last quarter. 31.70% of the stock is owned by hedge funds and other institutional investors.
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Separately, StockNews.com upgraded shares of Gran Tierra Energy from a "hold" rating to a "buy" rating in a report on Wednesday, November 27th.
Get Our Latest Analysis on GTE
About Gran Tierra Energy
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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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