Empowered Funds LLC Purchases 79,535 Shares of Gran Tierra Energy Inc. $GTE

Empowered Funds LLC boosted its holdings in shares of Gran Tierra Energy Inc. (NYSE:GTE) by 32.9% during the 1st quarter, HoldingsChannel.com reports. The fund owned 321,592 shares of the company’s stock after purchasing an additional 79,535 shares during the period. Empowered Funds LLC’s holdings in Gran Tierra Energy were worth $2,885,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Equinox Partners Investment Management LLC grew its position in shares of Gran Tierra Energy by 25.2% in the 4th quarter. Equinox Partners Investment Management LLC now owns 6,381,471 shares of the company’s stock valued at $27,057,000 after purchasing an additional 1,283,783 shares during the period. LM Asset Management Inc. raised its holdings in Gran Tierra Energy by 32.2% during the 4th quarter. LM Asset Management Inc. now owns 3,691,420 shares of the company’s stock worth $15,652,000 after buying an additional 899,620 shares during the period. Renaissance Technologies LLC lifted its stake in Gran Tierra Energy by 2.1% in the first quarter. Renaissance Technologies LLC now owns 776,680 shares of the company’s stock valued at $6,967,000 after buying an additional 16,300 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Gran Tierra Energy by 2,226.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 604,377 shares of the company’s stock valued at $5,421,000 after buying an additional 578,397 shares in the last quarter. Finally, Bridgeway Capital Management LLC boosted its holdings in shares of Gran Tierra Energy by 0.9% in the fourth quarter. Bridgeway Capital Management LLC now owns 559,360 shares of the company’s stock valued at $2,372,000 after buying an additional 5,098 shares during the period. 31.70% of the stock is owned by institutional investors and hedge funds.

Gran Tierra Energy Stock Down 2.0%

Shares of GTE opened at $6.83 on Wednesday. The firm has a market cap of $241.51 million, a P/E ratio of 4.78 and a beta of 0.13. The company has a debt-to-equity ratio of 1.71, a quick ratio of 1.19 and a current ratio of 1.31. Gran Tierra Energy Inc. has a 52 week low of $3.09 and a 52 week high of $9.74. The firm’s 50-day simple moving average is $7.04 and its 200 day simple moving average is $7.29.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on GTE shares. Canaccord Genuity Group set a $14.00 price objective on shares of Gran Tierra Energy in a report on Tuesday, April 14th. Roth Capital upgraded Gran Tierra Energy from a “neutral” rating to a “buy” rating in a report on Tuesday, June 16th. One analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $9.72.

About Gran Tierra Energy

Gran Tierra Energy Inc is an independent oil and gas exploration and production company focused on on-shore assets in South America. Headquartered in Calgary, Alberta, the company trades on the New York Stock Exchange under the symbol GTE. Since its founding in 2006, Gran Tierra has assembled a diversified portfolio of exploration and development blocks, with principal operations in Colombia’s Llanos and Putumayo basins and in Ecuador’s Oriente Basin.

The company’s core activities encompass the full upstream value chain, from geological and geophysical surveys to drilling, completion and production operations.