Gran Tierra Energy Inc. (NYSE:GTE) CFO Acquires $75,480.00 in Stock

Gran Tierra Energy Inc. (NYSE:GTE) CFO Ryan Ellson purchased 12,000 shares of the stock in a transaction dated Monday, September 30th. The shares were acquired at an average cost of $6.29 per share, for a total transaction of $75,480.00. Following the completion of the acquisition, the chief financial officer now directly owns 94,666 shares of the company’s stock, valued at approximately $595,449.14. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Gran Tierra Energy Stock Up 4.0 %

NYSE:GTE opened at $6.74 on Friday. The business’s 50-day moving average price is $7.31. The firm has a market capitalization of $211.18 million, a price-to-earnings ratio of 67.40 and a beta of 1.55. Gran Tierra Energy Inc. has a 52-week low of $4.72 and a 52-week high of $10.40. The company has a current ratio of 0.75, a quick ratio of 0.63 and a debt-to-equity ratio of 1.38.

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

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Gran Tierra Energy

A number of institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its position in Gran Tierra Energy by 5.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 206,579 shares of the company’s stock worth $1,998,000 after acquiring an additional 10,000 shares during the period. Sanders Morris Harris LLC acquired a new stake in shares of Gran Tierra Energy during the 1st quarter valued at about $85,000. Renaissance Technologies LLC lifted its holdings in shares of Gran Tierra Energy by 2.6% during the 2nd quarter. Renaissance Technologies LLC now owns 780,180 shares of the company’s stock valued at $7,544,000 after buying an additional 20,100 shares during the last quarter. Aristides Capital LLC acquired a new stake in shares of Gran Tierra Energy during the 2nd quarter valued at about $248,000. Finally, Quadrature Capital Ltd acquired a new stake in Gran Tierra Energy in the 4th quarter worth approximately $151,000. 31.70% of the stock is currently owned by institutional investors and hedge funds.

Gran Tierra Energy Company Profile

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.