Equinox Partners Investment Ma Sells 326,959 Shares of Gran Tierra Energy (NYSE:GTE) Stock

Gran Tierra Energy Inc. (NYSE:GTEGet Free Report) major shareholder Equinox Partners Investment Ma sold 326,959 shares of Gran Tierra Energy stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $9.23, for a total value of $3,017,831.57. Following the sale, the insider directly owned 329,636 shares in the company, valued at $3,042,540.28. The trade was a 49.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Equinox Partners Investment Ma also recently made the following trade(s):

  • On Friday, August 14th, Equinox Partners Investment Ma sold 347,990 shares of Gran Tierra Energy stock. The stock was sold at an average price of $9.31, for a total transaction of $3,239,786.90.
  • On Wednesday, August 12th, Equinox Partners Investment Ma sold 165,377 shares of Gran Tierra Energy stock. The shares were sold at an average price of $9.49, for a total transaction of $1,569,427.73.
  • On Tuesday, August 11th, Equinox Partners Investment Ma sold 248,510 shares of Gran Tierra Energy stock. The shares were sold at an average price of $9.30, for a total value of $2,311,143.00.
  • On Monday, August 10th, Equinox Partners Investment Ma sold 113,705 shares of Gran Tierra Energy stock. The shares were sold at an average price of $9.08, for a total value of $1,032,441.40.
  • On Friday, August 7th, Equinox Partners Investment Ma sold 104,348 shares of Gran Tierra Energy stock. The stock was sold at an average price of $9.05, for a total transaction of $944,349.40.
  • On Thursday, August 6th, Equinox Partners Investment Ma sold 1,093,712 shares of Gran Tierra Energy stock. The stock was sold at an average price of $9.16, for a total value of $10,018,401.92.
  • On Wednesday, August 5th, Equinox Partners Investment Ma sold 506,288 shares of Gran Tierra Energy stock. The shares were sold at an average price of $10.60, for a total value of $5,366,652.80.

Gran Tierra Energy Trading Up 2.1%

Gran Tierra Energy stock traded up $0.19 during trading hours on Monday, reaching $9.38. 479,275 shares of the company’s stock traded hands, compared to its average volume of 703,735. The firm has a market capitalization of $331.86 million, a price-to-earnings ratio of 6.56 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 fifty-two week low of $3.09 and a fifty-two week high of $11.52. The firm’s 50 day moving average is $7.24 and its 200-day moving average is $7.53.

Institutional Investors Weigh In On Gran Tierra Energy

A number of large investors have recently modified their holdings of the business. Bank of America Corp DE grew its holdings in shares of Gran Tierra Energy by 270.3% during the 2nd quarter. Bank of America Corp DE now owns 15,962 shares of the company’s stock valued at $76,000 after purchasing an additional 11,651 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Gran Tierra Energy during the 4th quarter worth approximately $81,000. nVerses Capital LLC acquired a new stake in Gran Tierra Energy during the 4th quarter worth approximately $84,000. XTX Topco Ltd bought a new stake in Gran Tierra Energy during the 2nd quarter worth approximately $92,000. Finally, Marshall Wace LLP acquired a new position in Gran Tierra Energy in the 2nd quarter valued at approximately $97,000. Institutional investors and hedge funds own 31.70% of the company’s stock.

Analysts Set New Price Targets

Separately, Roth Capital reiterated a “buy” rating on shares of Gran Tierra Energy in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. Based on data from MarketBeat, Gran Tierra Energy currently has an average rating of “Buy” and a consensus price target of $9.72.

Read Our Latest Report on GTE

About Gran Tierra Energy

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for Gran Tierra Energy (NYSE:GTE)

Receive News & Ratings for Gran Tierra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gran Tierra Energy and related companies with MarketBeat.com's FREE daily email newsletter.