The President & CEO of Gran Tierra Energy (NYSE MKT: GTE) is Buying Shares

Yesterday, the President & CEO of Gran Tierra Energy (GTEResearch Report), Gary Guidry, bought shares of GTE for $63.72K.

In addition to Gary Guidry, 4 other GTE executives reported Buy trades in the last month. Following this transaction Gary Guidry’s holding in the company was increased by 2.41% to a total of $2.72 million.

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GTE’s market cap is $393.2M and the company has a P/E ratio of 3.87. The company has a one-year high of $2.97 and a one-year low of $0.97.

Three different firms, including Canaccord Genuity and Citigroup, currently also have a Buy rating on the stock.

The insider sentiment on Gran Tierra Energy has been positive according to 35 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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Gran Tierra Energy, Inc. is an energy company, which engages in the exploration and production of oil and natural gas. It holds interests in the assets located in the Middle Magdalena Valley and Putumayo Basins. The company was founded on June 6, 2003 and is headquartered in Calgary, Canada.