From MarketBeat:

Stock analysts at StockNews.com upgraded Gran Tierra Energy from a “hold” to a “buy” rating. Shares of GTE traded at $5.42 on Thursday. The company has a market cap of $180.43 million and a PE ratio of 11.53. Gran Tierra Energy has a 1-year low of $4.62 and a high of $10.30.

Gran Tierra Energy last earned $179.92 million in revenue and reported a net margin of 2.99%. Director Ronald Royal sold 5,500 shares of stock at an average price of $6.46 each. Institutional investors and hedge funds own 33.84% of the company’s stock.

Gran Tierra Energy Inc. explores and produces oil and gas properties in Colombia and Ecuador. The company was founded in 2003 and is headquartered in Calgary, Canada. This story was reviewed by MarketBeat’s editorial team prior to publication.

The company’s stock is currently rated “hold,” but top-rated analysts have identified five other stocks as better buys. If you’re interested in how energy stocks can play a part in your portfolio, consider this free report on the global demand for energy.



Read more: StockNews.com Upgrades Gran Tierra Energy (NYSEAMERICAN:GTE) to Buy