Gran Tierra Energy (NYSE:GTE) Upgraded to Strong-Buy at StockNews.com

StockNews.com upgraded shares of Gran Tierra Energy (NYSE:GTE) from a buy rating to a strong-buy rating in a research note issued to investors on Tuesday.

GTE has been the subject of a number of other reports. Royal Bank of Canada lifted their price target on Gran Tierra Energy from $9.00 to $10.00 and gave the company a sector perform rating in a report on Wednesday, March 13th. TheStreet downgraded shares of Gran Tierra Energy from a c- rating to a d rating in a research note on Wednesday, March 6th.

Gran Tierra Energy Stock Performance

Shares of GTE stock opened at $9.24 on Tuesday. Gran Tierra Energy has a 12-month low of $4.62 and a 12-month high of $9.42.

Gran Tierra Energy (NYSE:GTE) last released its quarterly earnings results on Tuesday, February 20th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.33. The business had revenue of $154.94 million for the quarter.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Sanders Morris Harris LLC bought a new position in shares of Gran Tierra Energy during the 1st quarter valued at about $85,000. Toronto Dominion Bank acquired a new stake in Gran Tierra Energy during the 3rd quarter worth approximately $91,000. Ingalls & Snyder LLC bought a new position in Gran Tierra Energy in the fourth quarter valued at approximately $75,000. RPO LLC acquired a new position in shares of Gran Tierra Energy in the fourth quarter valued at approximately $77,000. Finally, Empower Advisory Group LLC bought a new stake in shares of Gran Tierra Energy during the third quarter worth $104,000.