Gran Tierra Energy (NYSE:GTE) Downgraded to Hold Rating by StockNews.com

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

Gran Tierra Energy Stock Down 3.1 %

GTE traded down $0.24 during trading hours on Monday, hitting $7.40. 298,697 shares of the company’s stock were exchanged, compared to its average volume of 331,152. The stock’s 50-day moving average is $6.88 and its two-hundred day moving average is $7.23. Gran Tierra Energy has a 1-year low of $4.72 and a 1-year high of $10.40. The company has a quick ratio of 1.19, a current ratio of 1.31 and a debt-to-equity ratio of 1.71. The stock has a market cap of $226.81 million, a price-to-earnings ratio of 5.17 and a beta of 1.53.

Insider Buying and Selling

In other news, Director Ronald Royal sold 19,967 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $6.88, for a total transaction of $137,372.96. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 7.06% of the stock is currently owned by insiders.

Institutional Trading of Gran Tierra Energy

Institutional investors and hedge funds have recently modified their holdings of the business. Quarry LP bought a new position in shares of Gran Tierra Energy in the 3rd quarter valued at $52,000. Centiva Capital LP acquired a new position in Gran Tierra Energy in the third quarter valued at $73,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Gran Tierra Energy in the 3rd quarter valued at about $89,000. Victory Capital Management Inc. bought a new position in shares of Gran Tierra Energy during the 3rd quarter worth approximately $121,000. Finally, Y Intercept Hong Kong Ltd bought a new position in Gran Tierra Energy during the third quarter worth $200,000. 31.70% of the stock is currently owned by institutional investors.

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.