Insider Buying: Gran Tierra Energy Inc (GTE) Insider Purchases C$393,210.00 in Stock

Gran Tierra Energy Inc (TSE:GTE) (AMEX:GTE) insider Gmt Capital Corp purchased 154,200 shares of Gran Tierra Energy stock in a transaction that occurred on Monday, May 15th. The stock was acquired at an average price of C$2.55 per share, for a total transaction of C$393,210.00.

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

  • On Friday, May 12th, Gmt Capital Corp purchased 6,700 shares of Gran Tierra Energy stock. The stock was acquired at an average price of C$2.51 per share, for a total transaction of C$16,817.00.
  • On Thursday, May 11th, Gmt Capital Corp purchased 11,400 shares of Gran Tierra Energy stock. The stock was acquired at an average price of C$2.53 per share, for a total transaction of C$28,842.00.
  • On Tuesday, May 9th, Gmt Capital Corp purchased 6,600 shares of Gran Tierra Energy stock. The stock was acquired at an average price of C$2.50 per share, for a total transaction of C$16,500.00.
  • On Wednesday, May 10th, Gmt Capital Corp purchased 1,700 shares of Gran Tierra Energy stock. The stock was acquired at an average price of C$2.54 per share, for a total transaction of C$4,318.00.
  • On Monday, May 8th, Gmt Capital Corp purchased 9,800 shares of Gran Tierra Energy stock. The stock was acquired at an average price of C$2.47 per share, for a total transaction of C$24,206.00.
  • On Thursday, May 4th, Gmt Capital Corp purchased 68,800 shares of Gran Tierra Energy stock. The stock was acquired at an average price of C$2.31 per share, for a total transaction of C$158,928.00.
  • On Monday, May 1st, Gmt Capital Corp purchased 3,600 shares of Gran Tierra Energy stock. The stock was acquired at an average price of C$2.51 per share, for a total transaction of C$9,036.00.
  • On Monday, April 24th, Gmt Capital Corp purchased 34,800 shares of Gran Tierra Energy stock. The stock was acquired at an average price of C$2.51 per share, for a total transaction of C$87,348.00.
  • On Tuesday, April 25th, Gmt Capital Corp purchased 1,400 shares of Gran Tierra Energy stock. The stock was acquired at an average price of C$2.49 per share, for a total transaction of C$3,486.00.
  • On Monday, March 13th, Gmt Capital Corp purchased 18,100 shares of Gran Tierra Energy stock. The stock was acquired at an average price of C$2.56 per share, for a total transaction of C$46,336.00.

Shares of Gran Tierra Energy Inc (TSE:GTE) traded up 4.49% during mid-day trading on Friday, hitting $3.49. 319,136 shares of the stock were exchanged. The stock’s market cap is $1.39 billion. Gran Tierra Energy Inc has a 12 month low of $3.09 and a 12 month high of $4.44. The company has a 50-day moving average price of $3.46 and a 200-day moving average price of $3.62.

Gran Tierra Energy (TSE:GTE) last posted its earnings results on Wednesday, May 3rd. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.51) by $0.54. The business had revenue of $94.66 million for the quarter, compared to analysts’ expectations of $101.70 million. Equities analysts expect that Gran Tierra Energy Inc will post $0.13 earnings per share for the current year.

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

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Several equities research analysts recently weighed in on GTE shares. Zacks Investment Research cut shares of Gran Tierra Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday. Credit Suisse Group AG upgraded shares of Gran Tierra Energy from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from C$3.75 to C$4.00 in a research report on Friday, February 10th. CIBC upgraded shares of Gran Tierra Energy from a “neutral” rating to an “outperform” rating in a research report on Monday, February 13th. TD Securities restated an “action list buy” rating and issued a C$6.50 price target on shares of Gran Tierra Energy in a research report on Friday, May 5th. Finally, Canaccord Genuity restated a “buy” rating and issued a C$5.30 price target on shares of Gran Tierra Energy in a research report on Thursday, March 2nd. One equities research analyst has rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of C$5.12.

A number of large investors have recently bought and sold shares of the company. Public Sector Pension Investment Board boosted its stake in Gran Tierra Energy by 1.4% in the fourth quarter. Public Sector Pension Investment Board now owns 15,115,070 shares of the company’s stock valued at $45,761,000 after buying an additional 205,300 shares during the last quarter. Amber Capital Management LP boosted its stake in Gran Tierra Energy by 7.0% in the fourth quarter. Amber Capital Management LP now owns 11,894,520 shares of the company’s stock valued at $35,921,000 after buying an additional 779,269 shares during the last quarter. Ingalls & Snyder LLC boosted its stake in Gran Tierra Energy by 0.4% in the first quarter. Ingalls & Snyder LLC now owns 10,765,803 shares of the company’s stock valued at $28,422,000 after buying an additional 38,800 shares during the last quarter. Vanguard Group Inc. boosted its stake in Gran Tierra Energy by 10.6% in the first quarter. Vanguard Group Inc. now owns 9,383,209 shares of the company’s stock valued at $24,772,000 after buying an additional 898,590 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in Gran Tierra Energy by 7.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,371,815 shares of the company’s stock valued at $28,025,000 after buying an additional 672,125 shares during the last quarter.

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.

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