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

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

Gran Tierra Energy Price Performance

Shares of NYSE GTE opened at $5.06 on Thursday. The firm has a market cap of $181.60 million, a P/E ratio of 3.54 and a beta of 1.45. Gran Tierra Energy Inc. has a twelve month low of $4.13 and a twelve month 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 company has a 50 day moving average of $5.47 and a 200 day moving average of $6.19.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Victory Capital Management Inc. bought a new stake in Gran Tierra Energy in the 3rd quarter worth about $121,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Gran Tierra Energy in the third quarter worth approximately $89,000. PDT Partners LLC raised its holdings in shares of Gran Tierra Energy by 13.1% during the third quarter. PDT Partners LLC now owns 60,653 shares of the company’s stock valued at $380,000 after purchasing an additional 7,030 shares during the last quarter. Centiva Capital LP bought a new position in Gran Tierra Energy during the third quarter valued at approximately $73,000. Finally, Quarry LP purchased a new stake in Gran Tierra Energy in the third quarter worth approximately $52,000. Hedge funds and other institutional investors own 31.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Gran Tierra Energy from a “buy” rating to a “hold” rating in a report 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.