Gran Tierra Energy (NYSEAMERICAN:GTE) Trading Down 2.7%

Posted by on Apr 6th, 2023

Gran Tierra Energy Inc. (NYSEAMERICAN:GTE – Get Rating)’s stock price fell 2.7% during mid-day trading on Wednesday . The company traded as low as $0.90 and last traded at $0.92. 1,335,634 shares changed hands during mid-day trading, a decline of 56% from the average session volume of 3,029,005 shares. The stock had previously closed at $0.94.

Gran Tierra Energy Stock Down 2.7 %

The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.41. The stock has a market capitalization of $316.73 million, a price-to-earnings ratio of 2.47 and a beta of 1.68.

Gran Tierra Energy (NYSEAMERICAN:GTE – Get Rating) last released its earnings results on Tuesday, February 21st. The company reported $0.09 EPS for the quarter. Gran Tierra Energy had a net margin of 19.54% and a return on equity of 36.99%. The firm had revenue of $162.64 million during the quarter.

Insider Buying and Selling

In other Gran Tierra Energy news, CFO Ryan Ellson purchased 50,000 shares of the business’s stock in a transaction on Wednesday, March 15th. The shares were purchased at an average cost of $0.71 per share, with a total value of $35,500.00. Following the transaction, the chief financial officer now directly owns 701,487 shares of the company’s stock, valued at approximately $498,055.77. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 5.40% of the company’s stock.

Institutional Investors Weigh In On Gran Tierra Energy

Institutional investors and hedge funds have recently modified their holdings of the company. Advisory Resource Group grew its position in shares of Gran Tierra Energy by 303.3% during the 3rd quarter. Advisory Resource Group now owns 332,430 shares of the company’s stock worth $402,000 after purchasing an additional 250,000 shares in the last quarter. Algert Global LLC grew its position in shares of Gran Tierra Energy by 57.9% during the 3rd quarter. Algert Global LLC now owns 1,250,589 shares of the company’s stock worth $1,513,000 after purchasing an additional 458,649 shares in the last quarter. Brandes Investment Partners LP grew its position in shares of Gran Tierra Energy by 7.5% during the 3rd quarter. Brandes Investment Partners LP now owns 361,692 shares of the company’s stock worth $438,000 after purchasing an additional 25,349 shares in the last quarter. Quadrature Capital Ltd boosted its position in shares of Gran Tierra Energy by 35.5% during the 3rd quarter. Quadrature Capital Ltd now owns 732,435 shares of the company’s stock worth $890,000 after acquiring an additional 191,986 shares in the last quarter. Finally, Pictet Asset Management SA acquired a new stake in shares of Gran Tierra Energy during the 3rd quarter worth approximately $37,000. 32.83% of the stock is owned by institutional investors.

About Gran Tierra Energy

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Gran Tierra Energy, Inc engages in the exploration and production of oil and natural gas in Colombia and Ecuador. It holds interests in the assets located in the Middle Magdalena Valley and Putumayo Basins. The company was founded on June 6, 2003 and is headquartered in Calgary, Canada.

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