Gran Tierra Energy Inc (GTE) Insider Gmt Capital Corp Buys 14,200 Shares of Stock

Gran Tierra Energy Inc (TSE:GTE) (AMEX:GTE) insider Gmt Capital Corp purchased 14,200 shares of the company’s stock in a transaction on Tuesday, September 12th. The shares were purchased at an average cost of C$2.06 per share, with a total value of C$29,252.00.

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

  • On Monday, September 11th, Gmt Capital Corp purchased 26,300 shares of Gran Tierra Energy stock. The shares were purchased at an average cost of C$2.07 per share, with a total value of C$54,441.00.
  • On Tuesday, September 5th, Gmt Capital Corp purchased 17,200 shares of Gran Tierra Energy stock. The shares were purchased at an average cost of C$2.06 per share, with a total value of C$35,432.00.
  • On Friday, September 1st, Gmt Capital Corp purchased 15,100 shares of Gran Tierra Energy stock. The shares were purchased at an average cost of C$2.04 per share, with a total value of C$30,804.00.
  • On Monday, August 14th, Gmt Capital Corp purchased 22,700 shares of Gran Tierra Energy stock. The shares were purchased at an average cost of C$2.19 per share, with a total value of C$49,713.00.

Shares of Gran Tierra Energy Inc (TSE:GTE) opened at 2.53 on Wednesday. The stock has a 50 day moving average price of $2.71 and a 200-day moving average price of $3.11. Gran Tierra Energy Inc has a 1-year low of $2.41 and a 1-year high of $4.40. The company’s market cap is $998.77 million.

Gran Tierra Energy (TSE:GTE) (AMEX:GTE) last announced its quarterly earnings data on Thursday, August 3rd. The company reported C($0.02) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.04 by C($0.06). The firm had revenue of C$96.13 million during the quarter, compared to the consensus estimate of C$99.95 million. Gran Tierra Energy had a negative return on equity of 2.76% and a negative net margin of 7.08%. Equities research analysts forecast that Gran Tierra Energy Inc will post $0.07 earnings per share for the current year.

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Separately, Zacks Investment Research lowered Gran Tierra Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 4th. One research analyst has rated the stock with a sell rating, seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of C$4.90.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Jane Street Group LLC lifted its stake in Gran Tierra Energy by 10.4% in the first quarter. Jane Street Group LLC now owns 40,479 shares of the company’s stock worth $107,000 after purchasing an additional 3,818 shares during the last quarter. Virtu KCG Holdings LLC lifted its stake in Gran Tierra Energy by 3.7% in the second 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 during the last quarter. Aperio Group LLC lifted its stake in Gran Tierra Energy by 6.9% in the second quarter. Aperio Group LLC now owns 73,692 shares of the company’s stock worth $165,000 after purchasing an additional 4,769 shares during the last quarter. State Street Corp lifted its stake in Gran Tierra Energy by 2.2% in the second quarter. State Street Corp now owns 374,942 shares of the company’s stock worth $840,000 after purchasing an additional 8,119 shares during the last quarter. Finally, Brandes Investment Partners LP lifted its stake in Gran Tierra Energy by 16.6% in the first quarter. Brandes Investment Partners LP now owns 72,480 shares of the company’s stock worth $191,000 after purchasing an additional 10,320 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.

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

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