Gran Tierra Energy Sees Unusually Large Options Volume (NYSEAMERICAN:GTE)

Posted by Defense World Staff on Oct 25th, 2023

Gran Tierra Energy Inc. (NYSEAMERICAN:GTE – Get Free Report) saw some unusual options trading on Tuesday. Investors purchased 3,119 call options on the stock. This is an increase of approximately 716% compared to the typical daily volume of 382 call options.

Institutional Trading of Gran Tierra Energy

A number of hedge funds have recently bought and sold shares of the stock. Exchange Traded Concepts LLC acquired a new stake in shares of Gran Tierra Energy during the 2nd quarter valued at about $342,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Gran Tierra Energy in the 1st quarter worth approximately $80,000. Brandes Investment Partners LP lifted its stake in Gran Tierra Energy by 20.4% in the 1st quarter. Brandes Investment Partners LP now owns 435,373 shares of the company’s stock worth $383,000 after purchasing an additional 73,681 shares in the last quarter. DGS Capital Management LLC purchased a new position in Gran Tierra Energy in the 1st quarter worth approximately $25,000. Finally, Rockefeller Capital Management L.P. purchased a new stake in shares of Gran Tierra Energy during the 4th quarter valued at approximately $39,000. Hedge funds and other institutional investors own 33.84% of the company’s stock.

Gran Tierra Energy Stock Performance

NYSEAMERICAN:GTE opened at $6.14 on Wednesday. The stock has a 50-day simple moving average of $380.13 and a two-hundred day simple moving average of $619.83. Gran Tierra Energy has a 52-week low of $4.62 and a 52-week high of $14.10. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.37 and a current ratio of 0.46. The firm has a market capitalization of $204.40 million, a PE ratio of 4.83 and a beta of 1.70.

Gran Tierra Energy (NYSEAMERICAN:GTE – Get Free Report) last posted its earnings results on Tuesday, August 1st. The company reported ($0.33) EPS for the quarter. Gran Tierra Energy had a return on equity of 12.86% and a net margin of 8.12%. The firm had revenue of $157.90 million during the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Gran Tierra Energy in a report on Thursday, October 5th. They issued a “hold” rating for the company.

Read Our Latest Stock Analysis on Gran Tierra Energy

About Gran Tierra Energy

(Get Free Report)

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.