Gmt Capital Corp Buys 24,200 Shares of Gran Tierra Energy Inc. (GTE) Stock

Gran Tierra Energy Inc. (TSE:GTE) (NYSEMKT:GTE) insider Gmt Capital Corp bought 24,200 shares of Gran Tierra Energy stock in a transaction that occurred on Friday, April 6th. The shares were acquired at an average price of C$2.75 per share, for a total transaction of C$66,550.00.

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

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  • On Monday, April 2nd, Gmt Capital Corp bought 11,300 shares of Gran Tierra Energy stock. The shares were acquired at an average price of C$2.73 per share, for a total transaction of C$30,849.00.
  • On Wednesday, March 21st, Gmt Capital Corp bought 4,300 shares of Gran Tierra Energy stock. The shares were acquired at an average price of C$2.80 per share, for a total transaction of C$12,040.00.
  • On Monday, March 19th, Gmt Capital Corp bought 6,800 shares of Gran Tierra Energy stock. The shares were acquired at an average price of C$2.65 per share, for a total transaction of C$18,020.00.
  • On Monday, January 29th, Gmt Capital Corp purchased 12,000 shares of Gran Tierra Energy stock. The shares were purchased at an average price of C$2.88 per share, with a total value of C$34,560.00.

Shares of TSE:GTE opened at C$3.46 on Monday. Gran Tierra Energy Inc. has a 12 month low of C$2.41 and a 12 month high of C$3.75.

Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) last announced its quarterly earnings results on Tuesday, February 27th. The company reported C$0.05 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.08 by C($0.03). The firm had revenue of C$161.53 million for the quarter, compared to analyst estimates of C$158.56 million. Gran Tierra Energy had a negative return on equity of 16.58% and a negative net margin of 31.22%.

A hedge fund recently raised its stake in Gran Tierra Energy stock. JPMorgan Chase & Co. increased its stake in Gran Tierra Energy Inc. (TSE:GTE) (NYSEMKT:GTE) by 78.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 392,545 shares of the company’s stock after buying an additional 173,178 shares during the quarter. JPMorgan Chase & Co. owned about 0.10% of Gran Tierra Energy worth $895,000 as of its most recent filing with the SEC.

Several equities research analysts have commented on the company. Scotiabank set a C$5.75 price target on Gran Tierra Energy and gave the stock an “outperform” rating in a research note on Thursday, February 1st. CIBC dropped their price target on Gran Tierra Energy from C$4.00 to C$3.50 in a research note on Tuesday, March 20th. Eight Capital upped their price target on Gran Tierra Energy from C$5.50 to C$6.25 in a research note on Tuesday, February 6th. Finally, Royal Bank of Canada upped their price target on Gran Tierra Energy from C$4.60 to C$4.80 and gave the stock a “top pick” rating in a research note on Friday, March 2nd. One equities research analyst has rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of C$4.76.

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About Gran Tierra Energy

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.

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

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