Gmt Capital Corp Buys 11,300 Shares of Gran Tierra Energy Inc. (GTE) Stock

Gran Tierra Energy Inc. (TSE:GTE) (NYSEMKT:GTE) insider Gmt Capital Corp bought 11,300 shares of Gran Tierra Energy stock in a transaction that occurred on Monday, April 2nd. The stock was purchased at an average cost of C$2.73 per share, with a total value of C$30,849.00.

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

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  • On Wednesday, March 21st, Gmt Capital Corp acquired 4,300 shares of Gran Tierra Energy stock. The shares were bought at an average cost of C$2.80 per share, with a total value of C$12,040.00.
  • On Monday, March 19th, Gmt Capital Corp bought 6,800 shares of Gran Tierra Energy stock. The stock was acquired at an average cost of C$2.65 per share, with a total value of C$18,020.00.
  • On Monday, January 29th, Gmt Capital Corp bought 12,000 shares of Gran Tierra Energy stock. The stock was acquired at an average cost of C$2.88 per share, with a total value of C$34,560.00.

TSE:GTE opened at C$3.53 on Friday. Gran Tierra Energy Inc. has a twelve month low of C$2.41 and a twelve month high of C$3.75.

Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) last released its earnings results on Tuesday, February 27th. The company reported C$0.05 earnings per share for the quarter, missing the consensus estimate of C$0.08 by C($0.03). Gran Tierra Energy had a negative return on equity of 16.58% and a negative net margin of 31.22%. The business had revenue of C$161.53 million for the quarter, compared to the consensus estimate of C$158.56 million.

A number of analysts recently issued reports on the company. Scotiabank restated an “outperform” rating and issued a C$5.50 price target on shares of Gran Tierra Energy in a research report on Tuesday, December 19th. CIBC raised their price target on Gran Tierra Energy from C$3.00 to C$3.50 in a research report on Tuesday, January 23rd. Eight Capital raised their price target on Gran Tierra Energy from C$5.50 to C$6.25 in a research report on Tuesday, February 6th. Finally, Royal Bank of Canada raised their price target on Gran Tierra Energy from C$4.60 to C$4.80 and gave the stock a “top pick” rating in a research report on Friday, March 2nd. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of C$4.76.

Several large investors have recently added to or reduced their stakes in GTE. JPMorgan Chase & Co. raised its holdings in shares of Gran Tierra Energy by 78.9% in the third quarter. JPMorgan Chase & Co. now owns 392,545 shares of the company’s stock valued at $895,000 after acquiring an additional 173,178 shares in the last quarter. Schroder Investment Management Group raised its holdings in shares of Gran Tierra Energy by 40.6% in the third quarter. Schroder Investment Management Group now owns 7,434,709 shares of the company’s stock valued at $20,141,000 after acquiring an additional 2,146,732 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Gran Tierra Energy by 1,810.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 208,723 shares of the company’s stock valued at $476,000 after acquiring an additional 197,800 shares in the last quarter. Finally, State Street Corp raised its holdings 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 acquiring an additional 8,119 shares in the last quarter.

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About Gran Tierra Energy

Gran Tierra Energy Inc, together with its subsidiaries, engages in the exploration and production of oil and gas properties in Colombia. As of December 31, 2017, the company had total proved undeveloped reserves of 19.6 million barrels of oil equivalent. Gran Tierra Energy Inc was incorporated in 2003 and is headquartered in Calgary, Canada.

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

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