Gran Tierra Energy (NYSE:GTE) Raised to Moderate Buy at Raymond James Financial

Gran Tierra Energy (NYSE:GTE) was upgraded by analysts at Raymond James Financial from a “hold” rating to a “moderate buy” rating in a note issued to investors on Monday,Zacks.com reports.

Several other equities analysts have also commented on the company. Roth Mkm lowered Gran Tierra Energy from a “buy” rating to a “neutral” rating in a research note on Thursday, January 29th. Canaccord Genuity Group downgraded shares of Gran Tierra Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, January 27th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Gran Tierra Energy has a consensus rating of “Moderate Buy” and a consensus target price of $5.45.

Gran Tierra Energy Stock Performance

Shares of GTE opened at $8.97 on Monday. Gran Tierra Energy has a 1 year low of $3.09 and a 1 year high of $9.74. The company’s 50 day simple moving average is $6.76 and its 200 day simple moving average is $5.15. The company has a market capitalization of $316.63 million, a price-to-earnings ratio of 6.27 and a beta of 0.35. The company has a debt-to-equity ratio of 1.71, a quick ratio of 1.19 and a current ratio of 1.31.

Institutional Trading of Gran Tierra Energy

Several large investors have recently bought and sold shares of the company. Quadrature Capital Ltd acquired a new stake in Gran Tierra Energy during the 2nd quarter valued at $56,000. Bank of America Corp DE lifted its stake in shares of Gran Tierra Energy by 270.3% in the second quarter. Bank of America Corp DE now owns 15,962 shares of the company’s stock worth $76,000 after acquiring an additional 11,651 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Gran Tierra Energy in the fourth quarter worth about $81,000. nVerses Capital LLC purchased a new position in shares of Gran Tierra Energy during the 4th quarter valued at approximately $84,000. Finally, XTX Topco Ltd bought a new stake in shares of Gran Tierra Energy in the second quarter worth $92,000. Institutional investors and hedge funds own 31.70% of the company’s stock.

About Gran Tierra Energy

Gran Tierra Energy Inc is an independent oil and gas exploration and production company focused on on-shore assets in South America. Headquartered in Calgary, Alberta, the company trades on the New York Stock Exchange under the symbol GTE. Since its founding in 2006, Gran Tierra has assembled a diversified portfolio of exploration and development blocks, with principal operations in Colombia’s Llanos and Putumayo basins and in Ecuador’s Oriente Basin.

The company’s core activities encompass the full upstream value chain, from geological and geophysical surveys to drilling, completion and production operations.