David P. Smith Sells 4,798 Shares of Gran Tierra Energy Inc. (NYSE:GTE) Stock

Gran Tierra Energy Inc. (NYSE:GTE) Director David P. Smith sold 4,798 shares of the firm’s stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $5.15, for a total value of $24,709.70. Following the transaction, the director now owns 67,500 shares in the company, valued at approximately $347,625. The trade was a 6.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Gran Tierra Energy Price Performance

Shares of Gran Tierra Energy stock opened at $5.08 on Friday. The company’s fifty day simple moving average is $5.42 and its two-hundred day simple moving average is $6.19. Gran Tierra Energy Inc. has a 12-month low of $4.13 and a 12-month high of $10.40. The firm has a market cap of $182.32 million, a PE ratio of 3.55 and a beta of 1.45. The company has a quick ratio of 1.19, a current ratio of 1.31 and a debt-to-equity ratio of 1.71.

Institutional Trading of Gran Tierra Energy

Large investors have recently modified their holdings of the business. Quantbot Technologies LP purchased a new stake in Gran Tierra Energy in the 4th quarter worth approximately $35,000. Private Trust Co. NA bought a new position in shares of Gran Tierra Energy during the fourth quarter valued at approximately $51,000. Quarry LP bought a new position in shares of Gran Tierra Energy during the third quarter valued at approximately $52,000. R Squared Ltd purchased a new stake in Gran Tierra Energy in the fourth quarter worth $68,000. Finally, Centiva Capital LP bought a new stake in Gran Tierra Energy in the third quarter valued at $73,000. 31.70% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com lowered Gran Tierra Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th.

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.