Gran Tierra Energy (NYSEAMERICAN:GTE) Stock Rating Upgraded by StockNews.com

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

A number of other research firms also recently issued reports on GTE. TheStreet downgraded shares of Gran Tierra Energy from a “c-” rating to a “d” rating in a research report on Wednesday, March 6th. Royal Bank of Canada upped their price target on shares of Gran Tierra Energy from $9.00 to $10.00 and gave the stock a “sector perform” rating in a research report on Wednesday, March 13th.

Gran Tierra Energy Stock Down 0.7 %

NYSEAMERICAN GTE opened at $8.64 on Friday. The stock has a market cap of $279.24 million, a PE ratio of 86.41 and a beta of 1.53. Gran Tierra Energy has a 12 month low of $4.62 and a 12 month 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.

Gran Tierra Energy (NYSEAMERICAN:GTE) last posted its quarterly 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 company had revenue of $154.94 million for the quarter. Gran Tierra Energy had a net margin of 0.51% and a return on equity of 0.85%.

Hedge Funds Weigh In On Gran Tierra Energy

Institutional investors have recently made changes to their positions in the business. Ingalls & Snyder LLC bought a new stake in shares of Gran Tierra Energy in the 4th quarter valued at approximately $75,000. RPO LLC bought a new position in shares of Gran Tierra Energy during the fourth quarter valued at approximately $77,000. Sanders Morris Harris LLC acquired a new stake in shares of Gran Tierra Energy during the 1st quarter worth approximately $85,000. Toronto Dominion Bank acquired a new position in Gran Tierra Energy during the 3rd quarter valued at approximately $91,000. Finally, Empower Advisory Group LLC acquired a new stake in Gran Tierra Energy in the third quarter worth $104,000. 31.70% of the stock is owned by institutional investors and hedge funds.

Gran Tierra Energy Company Profile

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.