Gran Tierra Energy (NYSEAMERICAN:GTE) Lifted to Strong-Buy at StockNews.com

Gran Tierra Energy (NYSEAMERICAN:GTE) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Saturday.

GTE has been the topic of a number of other research reports. TheStreet cut Gran Tierra Energy from a “c-” rating to a “d” rating in a research report on Wednesday, March 6th. Royal Bank of Canada lifted their price target on Gran Tierra Energy from $9.00 to $10.00 and gave the stock a “sector perform” rating in a research report on Wednesday, March 13th.

Gran Tierra Energy Stock Performance

GTE stock opened at $8.64 on Friday. Gran Tierra Energy has a fifty-two week low of $4.62 and a fifty-two week high of $9.03. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.32 and a current ratio of 0.43. The company has a market cap of $279.24 million, a P/E ratio of 86.41 and a beta of 1.53.

Gran Tierra Energy (NYSEAMERICAN:GTE) last posted its earnings results on Tuesday, February 20th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of ($0.10) by $0.33. The firm had revenue of $154.94 million for the quarter. Gran Tierra Energy had a return on equity of 0.85% and a net margin of 0.51%.

Institutional Investors Weigh In On Gran Tierra Energy

Several hedge funds have recently made changes to their positions in the business. Barclays PLC increased its position in Gran Tierra Energy by 16.9% in the 3rd quarter. Barclays PLC now owns 31,420 shares of the company’s stock valued at $219,000 after acquiring an additional 4,540 shares during the period. Jump Financial LLC grew its stake in shares of Gran Tierra Energy by 18.7% in the 4th quarter. Jump Financial LLC now owns 50,200 shares of the company’s stock valued at $283,000 after purchasing an additional 7,900 shares during the last quarter. Sanders Morris Harris LLC acquired a new position in shares of Gran Tierra Energy in the first quarter valued at approximately $85,000. Toronto Dominion Bank purchased a new stake in shares of Gran Tierra Energy during the third quarter worth approximately $91,000. Finally, Ingalls & Snyder LLC acquired a new stake in shares of Gran Tierra Energy during the fourth quarter worth $75,000. Institutional investors and hedge funds own 31.70% of the company’s stock.

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.