Gran Tierra Energy Inc (GTE) Major Shareholder Purchases $1,847,440.32 in Stock

Gran Tierra Energy Inc (NYSEAMERICAN:GTE) major shareholder Gmt Capital Corp bought 736,032 shares of the company’s stock in a transaction on Wednesday, March 20th. The stock was bought at an average cost of $2.51 per share, with a total value of $1,847,440.32. Following the completion of the acquisition, the insider now owns 67,875,186 shares of the company’s stock, valued at approximately $170,366,716.86. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

  • On Wednesday, March 27th, Gmt Capital Corp purchased 355,000 shares of Gran Tierra Energy stock. The shares were bought at an average price of $2.34 per share, with a total value of $830,700.00.
  • On Monday, March 25th, Gmt Capital Corp purchased 523,000 shares of Gran Tierra Energy stock. The shares were purchased at an average cost of $2.28 per share, for a total transaction of $1,192,440.00.
  • On Monday, March 18th, Gmt Capital Corp purchased 482,800 shares of Gran Tierra Energy stock. The stock was purchased at an average price of $2.41 per share, for a total transaction of $1,163,548.00.
  • On Monday, March 11th, Gmt Capital Corp purchased 163,600 shares of Gran Tierra Energy stock. The stock was purchased at an average price of $2.30 per share, for a total transaction of $376,280.00.
  • On Tuesday, April 2nd, Gmt Capital Corp acquired 6,444,800 shares of Gran Tierra Energy stock. The stock was purchased at an average cost of $2.37 per share, with a total value of $15,274,176.00.

Shares of GTE opened at $2.37 on Friday. Gran Tierra Energy Inc has a 1-year low of $2.03 and a 1-year high of $3.96.

Gran Tierra Energy (NYSEAMERICAN:GTE) last posted its earnings results on Wednesday, February 27th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.09). The company had revenue of $136.60 million during the quarter, compared to analysts’ expectations of $154.40 million. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.10) earnings per share.

A number of equities research analysts recently commented on GTE shares. Zacks Investment Research cut shares of Gran Tierra Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, March 26th. Citigroup restated a “buy” rating on shares of Gran Tierra Energy in a report on Monday, December 17th. Finally, GMP Securities cut shares of Gran Tierra Energy from a “buy” rating to a “hold” rating in a research report on Monday, February 4th.

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc grew its holdings in shares of Gran Tierra Energy by 3.5% during the third quarter. Vanguard Group Inc now owns 10,699,810 shares of the company’s stock worth $40,873,000 after buying an additional 366,568 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Gran Tierra Energy by 3.5% during the third quarter. Vanguard Group Inc. now owns 10,699,810 shares of the company’s stock valued at $40,873,000 after buying an additional 366,568 shares during the period. Norges Bank purchased a new position in shares of Gran Tierra Energy during the fourth quarter valued at approximately $12,493,000. FMR LLC boosted its position in Gran Tierra Energy by 16.1% during the third quarter. FMR LLC now owns 5,117,134 shares of the company’s stock worth $19,548,000 after acquiring an additional 707,800 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in Gran Tierra Energy by 14.7% during the third quarter. Renaissance Technologies LLC now owns 4,463,000 shares of the company’s stock worth $17,049,000 after acquiring an additional 571,774 shares during the last quarter.

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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. 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.

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

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