Gran Tierra Energy Inc. (NYSE:GTE) CFO Acquires $75,480.00 in Stock

Gran Tierra Energy Inc. (NYSE:GTE) CFO Ryan Ellson acquired 12,000 shares of the firm’s stock in a transaction dated Monday, September 30th. The stock was bought at an average cost of $6.29 per share, for a total transaction of $75,480.00. Following the purchase, the chief financial officer now directly owns 94,666 shares of the company’s stock, valued at $595,449.14. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Gran Tierra Energy Price Performance

Shares of GTE stock opened at $6.52 on Wednesday. The company has a market cap of $204.28 million, a P/E ratio of 65.20 and a beta of 1.56. The company has a quick ratio of 0.63, a current ratio of 0.75 and a debt-to-equity ratio of 1.38. The company’s fifty day moving average price is $7.37. Gran Tierra Energy Inc. has a one year low of $4.72 and a one year high of $10.40.

Gran Tierra Energy (NYSE:GTE) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $1.16 EPS for the quarter. The business had revenue of $165.61 million for the quarter. Gran Tierra Energy had a return on equity of 12.60% and a net margin of 7.68%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Gran Tierra Energy from a “strong-buy” rating to a “buy” rating in a report on Monday, August 5th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. American Century Companies Inc. grew its holdings in Gran Tierra Energy by 46.8% during the 2nd quarter. American Century Companies Inc. now owns 726,226 shares of the company’s stock valued at $7,023,000 after buying an additional 231,595 shares in the last quarter. Intact Investment Management Inc. bought a new stake in Gran Tierra Energy in the 2nd quarter valued at $696,000. Quadrature Capital Ltd increased its holdings in Gran Tierra Energy by 123.3% in the 1st quarter. Quadrature Capital Ltd now owns 60,056 shares of the company’s stock valued at $430,000 after acquiring an additional 33,167 shares during the last quarter. Equinox Partners Investment Management LLC bought a new position in shares of Gran Tierra Energy during the 2nd quarter valued at about $7,735,000. Finally, Main Street Financial Solutions LLC boosted its holdings in shares of Gran Tierra Energy by 204.7% during the 2nd quarter. Main Street Financial Solutions LLC now owns 450,403 shares of the company’s stock valued at $4,355,000 after purchasing an additional 302,583 shares during the last quarter. 31.70% of the stock is owned by hedge funds and other institutional investors.

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.