Gran Tierra Energy Inc (GTE) Insider Gmt Capital Corp Acquires 15,800 Shares of Stock

Gran Tierra Energy Inc (TSE:GTE) (NYSEMKT:GTE) insider Gmt Capital Corp bought 15,800 shares of the stock in a transaction on Friday, November 17th. The shares were bought at an average price of C$2.10 per share, for a total transaction of C$33,180.00.

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

  • On Monday, November 20th, Gmt Capital Corp bought 3,000 shares of Gran Tierra Energy stock. The shares were bought at an average price of C$2.11 per share, for a total transaction of C$6,330.00.
  • On Wednesday, November 15th, Gmt Capital Corp bought 14,600 shares of Gran Tierra Energy stock. The shares were bought at an average price of C$2.10 per share, for a total transaction of C$30,660.00.
  • On Tuesday, September 12th, Gmt Capital Corp acquired 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 Monday, September 11th, Gmt Capital Corp acquired 26,300 shares of Gran Tierra Energy stock. The stock was acquired at an average price of C$2.07 per share, for a total transaction of C$54,441.00.
  • On Tuesday, September 5th, Gmt Capital Corp acquired 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 acquired 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.

Gran Tierra Energy Inc (TSE:GTE) traded up C$0.01 during midday trading on Wednesday, reaching C$2.72. 386,999 shares of the company’s stock were exchanged, compared to its average volume of 723,450. Gran Tierra Energy Inc has a 12 month low of C$2.41 and a 12 month high of C$4.18.

Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) last released its 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 firm had revenue of C$103.77 million for the quarter, compared to the consensus estimate of C$110.60 million. During the same quarter in the previous year, the business posted ($0.71) EPS. Gran Tierra Energy’s revenue was up 51.4% on a year-over-year basis.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GTE. BlueCrest Capital Management Ltd bought a new stake in Gran Tierra Energy during the 2nd quarter worth approximately $114,000. Aperio Group LLC raised its stake in Gran Tierra Energy by 6.9% during the 2nd quarter. Aperio Group LLC now owns 73,692 shares of the company’s stock worth $165,000 after acquiring an additional 4,769 shares during the period. Bank of Nova Scotia raised its stake in Gran Tierra Energy by 39.3% during the 2nd quarter. Bank of Nova Scotia now owns 115,707 shares of the company’s stock worth $257,000 after acquiring an additional 32,656 shares during the period. Virtu KCG Holdings LLC raised its stake in Gran Tierra Energy by 3.7% during the 2nd quarter. Virtu KCG Holdings LLC now owns 115,353 shares of the company’s stock worth $258,000 after acquiring an additional 4,063 shares during the period. Finally, Parkwood LLC raised its stake in Gran Tierra Energy by 44.9% during the 2nd quarter. Parkwood LLC now owns 117,743 shares of the company’s stock worth $264,000 after acquiring an additional 36,505 shares during the period.

Several equities analysts have recently weighed in on GTE shares. Zacks Investment Research upgraded shares of Gran Tierra Energy from a “strong sell” rating to a “hold” rating in a research note on Friday, October 27th. Scotiabank reiterated a “buy” rating and issued a C$5.50 price objective on shares of Gran Tierra Energy in a research note on Tuesday, October 10th. Finally, Eight Capital lowered their price objective on shares of Gran Tierra Energy from C$6.50 to C$5.25 in a research note on Wednesday, September 27th. One analyst has rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company’s stock. Gran Tierra Energy 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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