Insider Buying: Gran Tierra Energy (LON:GTE) Insider Acquires 394 Shares

Gran Tierra Energy Inc. (LON:GTE) insider Gary Guidry acquired 394 shares of the company’s stock in a transaction dated Thursday, September 17th. The shares were bought at an average price of GBX 1,059 per share, for a total transaction of £4,172.46.

Gran Tierra Energy Stock Performance

Gran Tierra Energy stock remained flat at GBX 766 during midday trading on Monday. The company had a trading volume of 768 shares, compared to its average volume of 2,754. Gran Tierra Energy Inc. has a fifty-two week low of GBX 270 and a fifty-two week high of GBX 848. The company has a market cap of £271.01 million, a price-to-earnings ratio of -1.06, a price-to-earnings-growth ratio of 0.23 and a beta of 0.16. The firm has a 50 day moving average price of GBX 629.14 and a 200-day moving average price of GBX 586.73.

Wall Street Analyst Weigh In

Separately, Peel Hunt reiterated a “buy” rating and issued a GBX 1,119 target price on shares of Gran Tierra Energy in a research report on Wednesday, August 5th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, Gran Tierra Energy has a consensus rating of “Buy” and a consensus target price of GBX 1,119.

Gran Tierra Energy Company Profile

Gran Tierra Energy Inc, together with its subsidiaries, engages in the exploration and production of oil and gas properties in Colombia and Ecuador. The company was founded in 2003 and is headquartered in Calgary, Canada.