Gran Tierra Energy Inc (GTE) Insider Gmt Capital Corp Buys 26,300 Shares

Gran Tierra Energy Inc (TSE:GTE) (AMEX:GTE) insider Gmt Capital Corp bought 26,300 shares of the stock in a transaction that occurred on Monday, September 11th. The stock was acquired at an average price of C$2.07 per share, for a total transaction of C$54,441.00.

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

  • On Tuesday, September 12th, Gmt Capital Corp bought 14,200 shares of Gran Tierra Energy stock. The stock was acquired at an average price of C$2.06 per share, for a total transaction of C$29,252.00.
  • On Tuesday, September 5th, Gmt Capital Corp bought 17,200 shares of Gran Tierra Energy stock. The stock was acquired at an average price of C$2.06 per share, for a total transaction of C$35,432.00.
  • On Friday, September 1st, Gmt Capital Corp bought 15,100 shares of Gran Tierra Energy stock. The stock was acquired at an average price of C$2.04 per share, for a total transaction of C$30,804.00.
  • On Monday, August 14th, Gmt Capital Corp bought 22,700 shares of Gran Tierra Energy stock. The stock was acquired at an average price of C$2.19 per share, for a total transaction of C$49,713.00.

Shares of Gran Tierra Energy Inc (GTE) opened at 2.53 on Wednesday. Gran Tierra Energy Inc has a 1-year low of $2.41 and a 1-year high of $4.40. The stock’s market cap is $998.77 million. The firm has a 50-day moving average of $2.71 and a 200 day moving average of $3.11.

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

COPYRIGHT VIOLATION WARNING: “Gran Tierra Energy Inc (GTE) Insider Gmt Capital Corp Buys 26,300 Shares” was posted by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this report on another site, it was illegally copied and republished in violation of United States and international copyright & trademark legislation. The correct version of this report can be read at https://sportsperspectives.com/2017/09/13/gran-tierra-energy-inc-gte-insider-gmt-capital-corp-buys-26300-shares.html.

Separately, Zacks Investment Research upgraded shares of Gran Tierra Energy from a “hold” rating to a “strong-buy” rating and set a C$2.50 target price on the stock in a report on Monday, July 3rd. 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. The stock currently has an average rating of “Buy” and an average price target of C$4.90.

Institutional investors have recently modified their holdings of the business. Brandes Investment Partners LP raised its holdings in Gran Tierra Energy by 16.6% in the first quarter. Brandes Investment Partners LP now owns 72,480 shares of the company’s stock worth $191,000 after buying an additional 10,320 shares during the last quarter. KCG Holdings Inc. raised its holdings in Gran Tierra Energy by 30.0% in the first quarter. KCG Holdings Inc. now owns 111,290 shares of the company’s stock worth $294,000 after buying an additional 25,714 shares during the last quarter. Virginia Retirement Systems ET AL raised its holdings in Gran Tierra Energy by 14.0% in the first quarter. Virginia Retirement Systems ET AL now owns 215,131 shares of the company’s stock worth $568,000 after buying an additional 26,431 shares during the last quarter. OppenheimerFunds Inc. raised its holdings in Gran Tierra Energy by 13.5% in the first quarter. OppenheimerFunds Inc. now owns 148,940 shares of the company’s stock worth $393,000 after buying an additional 17,765 shares during the last quarter. Finally, MARSHALL WACE ASIA Ltd purchased a new position in Gran Tierra Energy in the first quarter worth about $6,936,000.

About Gran Tierra Energy

Gran Tierra Energy Inc is an energy company engaged in oil and gas acquisition, exploration, development and production. The Company focuses on onshore oil and gas properties in Colombia, and also own rights to oil and gas properties in Brazil and Peru. Its segments are Colombia, Peru and Brazil based on geographic organization.

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

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

Latest News

Leave a Reply