Gran Tierra Energy Inc (TSE:GTE) (NYSEMKT:GTE) – Analysts at Cormark increased their FY2017 earnings estimates for Gran Tierra Energy in a research note issued on Tuesday, according to Zacks Investment Research. Cormark analyst G. Ursu now anticipates that the company will post earnings per share of $0.12 for the year, up from their prior forecast of $0.10. Cormark also issued estimates for Gran Tierra Energy’s Q4 2017 earnings at $0.09 EPS, Q3 2018 earnings at $0.10 EPS, Q4 2018 earnings at $0.10 EPS, FY2018 earnings at $0.39 EPS and FY2019 earnings at $0.46 EPS.
Other equities analysts have also issued research reports about the stock. Scotiabank restated a “buy” rating and set a C$5.50 price target on shares of Gran Tierra Energy in a research report on Tuesday, October 10th. Zacks Investment Research lowered shares of Gran Tierra Energy from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 18th. Finally, Eight Capital reduced their price target on shares of Gran Tierra Energy from C$6.50 to C$5.25 in a research report on Wednesday, September 27th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of C$4.79.
Shares of Gran Tierra Energy (TSE GTE) traded up C$0.04 during mid-day trading on Thursday, reaching C$3.70. 372,279 shares of the company’s stock were exchanged, compared to its average volume of 830,534. Gran Tierra Energy has a fifty-two week low of C$2.41 and a fifty-two week high of C$3.75. The company has a market cap of $1,460.00, a price-to-earnings ratio of -9.25 and a beta of 0.17.
Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) last posted its earnings results on Thursday, November 2nd. The company reported C$0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.05 by C($0.04). Gran Tierra Energy had a return on equity of 1.28% and a net margin of 3.02%. The business had revenue of C$103.77 million for the quarter, compared to the consensus estimate of C$110.60 million. During the same period in the previous year, the firm earned ($0.71) earnings per share. The company’s revenue was up 51.4% compared to the same quarter last year.
In related news, insider Gmt Capital Corp bought 15,800 shares of the stock in a transaction that occurred on Friday, November 17th. The shares were acquired at an average cost of C$2.10 per share, with a total value of C$33,180.00. Over the last three months, insiders bought 99,900 shares of company stock worth $213,782.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Virtu KCG Holdings LLC grew its position in Gran Tierra Energy by 3.7% during the second quarter. Virtu KCG Holdings LLC now owns 115,353 shares of the company’s stock valued at $258,000 after acquiring an additional 4,063 shares during the last quarter. Aperio Group LLC grew its holdings in shares of 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 grew 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 worth $840,000 after purchasing an additional 8,119 shares during the last quarter. Toronto Dominion Bank grew its holdings in shares of Gran Tierra Energy by 0.4% in the second quarter. Toronto Dominion Bank now owns 5,891,616 shares of the company’s stock worth $13,084,000 after purchasing an additional 23,195 shares during the last quarter. Finally, Brandes Investment Partners LP grew its holdings in shares of Gran Tierra Energy by 20.1% in the third quarter. Brandes Investment Partners LP now owns 151,959 shares of the company’s stock worth $346,000 after purchasing an additional 25,406 shares during the last quarter.
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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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