Gran Tierra Energy (NYSE:GTE) Stock Rating Upgraded by StockNews.com

Gran Tierra Energy (NYSE:GTE) was upgraded by equities researchers at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued on Tuesday.

A number of other equities analysts have also weighed in on GTE. TheStreet lowered Gran Tierra Energy from a “c-” rating to a “d” rating in a research note on Wednesday, March 6th. Royal Bank of Canada upped their price objective on Gran Tierra Energy from $9.00 to $10.00 and gave the stock a “sector perform” rating in a research note on Wednesday, March 13th.

Gran Tierra Energy Trading Up 0.2 %

NYSE:GTE opened at $9.26 on Tuesday. Gran Tierra Energy has a 52-week low of $4.62 and a 52-week high of $9.42.

Gran Tierra Energy (NYSE:GTE) last released its quarterly earnings results on Tuesday, February 20th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.33. The company had revenue of $154.94 million for the quarter.

Institutional Investors Weigh In On Gran Tierra Energy

A number of hedge funds have recently made changes to their positions in the company. GSA Capital Partners LLP lifted its position in shares of Gran Tierra Energy by 80.6% in the third quarter. GSA Capital Partners LLP now owns 203,197 shares of the company’s stock worth $1,410,000 after buying an additional 90,686 shares in the last quarter. Jump Financial LLC lifted its position in shares of Gran Tierra Energy by 18.7% in the fourth quarter. Jump Financial LLC now owns 50,200 shares of the company’s stock worth $283,000 after buying an additional 7,900 shares in the last quarter. Algert Global LLC purchased a new stake in shares of Gran Tierra Energy in the third quarter worth about $279,000. Barclays PLC lifted its position in shares of Gran Tierra Energy by 16.9% in the third quarter. Barclays PLC now owns 31,420 shares of the company’s stock worth $219,000 after buying an additional 4,540 shares in the last quarter. Finally, Quadrature Capital Ltd purchased a new stake in shares of Gran Tierra Energy in the fourth quarter worth about $151,000.