Gran Tierra Energy Inc (GTE) Insider Gmt Capital Corp Buys 22,700 Shares

Gran Tierra Energy Inc (TSE:GTE) (AMEX:GTE) insider Gmt Capital Corp purchased 22,700 shares of the business’s stock in a transaction on Monday, August 14th. The shares were acquired at an average price of C$2.19 per share, for a total transaction of C$49,713.00.

Gmt Capital Corp also recently made the following trade(s):

  • On Wednesday, May 31st, Gmt Capital Corp purchased 1,600 shares of Gran Tierra Energy stock. The shares were acquired at an average price of C$2.34 per share, for a total transaction of C$3,744.00.
  • On Tuesday, May 30th, Gmt Capital Corp purchased 12,900 shares of Gran Tierra Energy stock. The shares were acquired at an average price of C$2.35 per share, for a total transaction of C$30,315.00.
  • On Tuesday, May 23rd, Gmt Capital Corp purchased 14,500 shares of Gran Tierra Energy stock. The shares were acquired at an average price of C$2.54 per share, for a total transaction of C$36,830.00.

Shares of Gran Tierra Energy Inc (TSE:GTE) remained flat at $2.72 during trading on Wednesday. The company’s stock had a trading volume of 73,041 shares. The stock’s 50-day moving average price is $2.85 and its 200 day moving average price is $3.23. The firm’s market capitalization is $1.07 billion. Gran Tierra Energy Inc has a 52-week low of $2.65 and a 52-week high of $4.40.

Gran Tierra Energy (TSE:GTE) (AMEX:GTE) last posted its earnings results on Thursday, August 3rd. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by $0.06. Gran Tierra Energy had a negative net margin of 7.08% and a negative return on equity of 2.76%. The business had revenue of $96.13 million for the quarter, compared to analysts’ expectations of $99.95 million. On average, equities research analysts expect that Gran Tierra Energy Inc will post $0.07 EPS for the current year.

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A number of research firms have issued reports on GTE. Zacks Investment Research upgraded Gran Tierra Energy from a “hold” rating to a “buy” rating and set a C$2.50 price target on the stock in a report on Tuesday, July 18th. Credit Suisse Group set a C$4.00 price target on Gran Tierra Energy and gave the stock a “buy” rating in a report on Thursday, May 4th. Scotiabank restated an “outperform” rating and set a C$6.00 price target on shares of Gran Tierra Energy in a report on Thursday, May 4th. Finally, TD Securities restated an “action list buy” rating and set a C$6.50 price target on shares of Gran Tierra Energy in a report on Friday, May 5th. One equities research analyst has rated the stock with a sell rating, seven have given a buy rating and two have given a strong buy rating to the company’s stock. Gran Tierra Energy presently has an average rating of “Buy” and an average target price of C$4.90.

A number of large investors have recently modified their holdings of GTE. Jane Street Group LLC boosted its stake in shares of Gran Tierra Energy by 10.4% in the first quarter. Jane Street Group LLC now owns 40,479 shares of the company’s stock valued at $107,000 after buying an additional 3,818 shares during the last quarter. Virtu KCG Holdings LLC boosted its stake in shares of Gran Tierra Energy by 3.7% in the second quarter. Virtu KCG Holdings LLC now owns 115,353 shares of the company’s stock valued at $258,000 after buying an additional 4,063 shares during the last quarter. Aperio Group LLC boosted its stake in shares of Gran Tierra Energy by 6.9% in the second quarter. Aperio Group LLC now owns 73,692 shares of the company’s stock valued at $165,000 after buying an additional 4,769 shares during the last quarter. State Street Corp boosted its stake in shares of Gran Tierra Energy by 2.2% in the second quarter. State Street Corp now owns 374,942 shares of the company’s stock valued at $840,000 after buying an additional 8,119 shares during the last quarter. Finally, Deltec Asset Management LLC boosted its stake in shares of Gran Tierra Energy by 17.2% in the first quarter. Deltec Asset Management LLC now owns 68,250 shares of the company’s stock valued at $180,000 after buying an additional 10,000 shares during the last quarter.

Gran Tierra Energy Company Profile

Gran Tierra Energy Inc, an independent energy company, engages in the acquisition, exploration, development, and production of oil and gas properties in Colombia, Peru, and Brazil. As of December 31, 2016, the company had total proved undeveloped reserves of 14.9 million barrels of oil equivalent (MMBOE), including 10.4 MMBOE in Colombia and 4.5 MMBOE in Brazil.

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

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