Gran Tierra Energy (NYSEAMERICAN:GTE) Upgraded by StockNews.com to “Strong-Buy”

Gran Tierra Energy (NYSEAMERICAN:GTE) was upgraded by investment analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued on Saturday.

GTE has been the topic of a number of other reports. Royal Bank of Canada upped their target price on shares of 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. TheStreet downgraded Gran Tierra Energy from a “c-” rating to a “d” rating in a report on Wednesday, March 6th.

Gran Tierra Energy Price Performance

Shares of GTE stock opened at $8.64 on Friday. Gran Tierra Energy has a 52-week low of $4.62 and a 52-week high of $9.03. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.43 and a quick ratio of 0.32. The company has a market cap of $279.24 million, a P/E ratio of 86.41 and a beta of 1.53.

Gran Tierra Energy (NYSEAMERICAN:GTE) last released its earnings results on Tuesday, February 20th. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.33. The business had revenue of $154.94 million for the quarter. Gran Tierra Energy had a return on equity of 0.85% and a net margin of 0.51%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Barclays PLC grew its stake in Gran Tierra Energy by 16.9% in the third quarter. Barclays PLC now owns 31,420 shares of the company’s stock valued at $219,000 after purchasing an additional 4,540 shares during the last quarter. Jump Financial LLC raised its stake in shares of Gran Tierra Energy by 18.7% during the 4th quarter. Jump Financial LLC now owns 50,200 shares of the company’s stock worth $283,000 after acquiring an additional 7,900 shares in the last quarter. Sanders Morris Harris LLC purchased a new stake in Gran Tierra Energy during the first quarter valued at approximately $85,000. Toronto Dominion Bank acquired a new stake in Gran Tierra Energy in the third quarter valued at approximately $91,000. Finally, Ingalls & Snyder LLC purchased a new position in Gran Tierra Energy in the fourth quarter worth $75,000. 31.70% of the stock is currently 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.