Gran Tierra Energy Inc (GTE) Insider Gmt Capital Corp Purchases 14,600 Shares

Gran Tierra Energy Inc (TSE:GTE) (NYSEMKT:GTE) insider Gmt Capital Corp bought 14,600 shares of the business’s stock in a transaction dated Wednesday, November 15th. The shares were bought at an average price of C$2.10 per share, with a total value of C$30,660.00.

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 shares were bought at an average price of C$2.06 per share, with a total value of C$29,252.00.
  • On Monday, September 11th, Gmt Capital Corp bought 26,300 shares of Gran Tierra Energy stock. The shares were bought at an average price of C$2.07 per share, with a total value of C$54,441.00.
  • On Tuesday, September 5th, Gmt Capital Corp bought 17,200 shares of Gran Tierra Energy stock. The shares were bought at an average price of C$2.06 per share, with a total value of C$35,432.00.
  • On Friday, September 1st, Gmt Capital Corp bought 15,100 shares of Gran Tierra Energy stock. The shares were bought at an average price of C$2.04 per share, with a total value of C$30,804.00.

Gran Tierra Energy Inc (GTE) traded up C$0.05 during trading on Thursday, hitting C$2.73. The stock had a trading volume of 346,813 shares, compared to its average volume of 377,111. Gran Tierra Energy Inc has a 12 month low of C$2.41 and a 12 month high of C$4.36.

Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) last posted its quarterly earnings results on Thursday, November 2nd. The company reported C$0.01 EPS for the quarter, missing analysts’ consensus estimates of C$0.05 by C($0.04). Gran Tierra Energy had a negative return on equity of 2.76% and a negative net margin of 7.08%. The business had revenue of C$103.77 million for the quarter, compared to analyst estimates of C$110.60 million. During the same period last year, the firm posted ($0.71) EPS. Gran Tierra Energy’s quarterly revenue was up 51.4% on a year-over-year basis.

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A number of institutional investors and hedge funds have recently modified their holdings of GTE. BlueCrest Capital Management Ltd acquired a new position in Gran Tierra Energy in the 2nd quarter worth about $114,000. Aperio Group LLC increased its holdings in Gran Tierra Energy by 6.9% in the 2nd quarter. Aperio Group LLC now owns 73,692 shares of the company’s stock worth $165,000 after purchasing an additional 4,769 shares in the last quarter. Bank of Nova Scotia increased its holdings in Gran Tierra Energy by 39.3% in the 2nd quarter. Bank of Nova Scotia now owns 115,707 shares of the company’s stock worth $257,000 after purchasing an additional 32,656 shares in the last quarter. Virtu KCG Holdings LLC increased its holdings in Gran Tierra Energy by 3.7% in the 2nd quarter. Virtu KCG Holdings LLC now owns 115,353 shares of the company’s stock worth $258,000 after purchasing an additional 4,063 shares in the last quarter. Finally, Parkwood LLC increased its holdings in Gran Tierra Energy by 44.9% in the 2nd quarter. Parkwood LLC now owns 117,743 shares of the company’s stock worth $264,000 after purchasing an additional 36,505 shares in the last quarter.

A number of analysts have recently weighed in on the company. Scotiabank reiterated an “outperform” rating and set a C$5.50 target price on shares of Gran Tierra Energy in a research report on Friday, November 3rd. Zacks Investment Research upgraded Gran Tierra Energy from a “strong sell” rating to a “hold” rating in a research report on Friday, October 27th. Finally, Eight Capital cut their target price on Gran Tierra Energy from C$6.50 to C$5.25 in a research report on Wednesday, September 27th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. Gran Tierra Energy presently has a consensus rating of “Buy” and an average target price of C$4.88.

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)

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