Gary Guidry Buys 40,000 Shares of Gran Tierra Energy Inc. (NYSE:GTE) Stock

Gran Tierra Energy Inc. (NYSE:GTE) CEO Gary Guidry purchased 40,000 shares of the firm’s stock in a transaction dated Thursday, September 19th. The stock was bought at an average cost of $6.11 per share, for a total transaction of $244,400.00. Following the acquisition, the chief executive officer now directly owns 525,672 shares in the company, valued at $3,211,855.92. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Gary Guidry also recently made the following trade(s):

• On Tuesday, September 17th, Gary Guidry acquired 15,000 shares of Gran Tierra Energy stock. The shares were bought at an average cost of $6.03 per share, with a total value of $90,450.00.

Gran Tierra Energy Price Performance

Shares of GTE opened at $6.37 on Friday. Gran Tierra Energy Inc. has a 1 year low of $4.72 and a 1 year high of $10.40. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.63 and a current ratio of 0.75. The stock has a 50 day moving average price of $7.87. The stock has a market capitalization of $199.58 million, a price-to-earnings ratio of 63.70 and a beta of 1.56.

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

Institutional Investors Weigh In On Gran Tierra Energy

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. RPO LLC bought a new position in shares of Gran Tierra Energy in the fourth quarter worth approximately $77,000. Sanders Morris Harris LLC purchased a new position in shares of Gran Tierra Energy in the first quarter valued at about $85,000. Quadrature Capital Ltd bought a new position in shares of Gran Tierra Energy during the fourth quarter valued at about $151,000. Hillsdale Investment Management Inc. purchased a new stake in shares of Gran Tierra Energy during the first quarter worth about $203,000. Finally, Aristides Capital LLC bought a new stake in shares of Gran Tierra Energy in the second quarter worth about $248,000. Institutional investors own 31.70% of the company’s stock.

Analysts Set New Price Targets

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

About Gran Tierra Energy

Gran Tierra Energy Inc is an international oil and gas exploration and production company, headquartered in Calgary, Canada, incorporated and traded in the United States and operating in South America. Gran Tierra Energy holds interests in producing and prospective properties in Argentina, Colombia and Peru.