Gmt Capital Corp Acquires 14,500 Shares of Gran Tierra Energy Inc (GTE) Stock

Gran Tierra Energy Inc (TSE:GTE) (AMEX:GTE) insider Gmt Capital Corp acquired 14,500 shares of the company’s stock in a transaction dated Tuesday, May 23rd. The shares were purchased at an average cost of C$2.54 per share, for a total transaction of C$36,830.00.

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

  • On Wednesday, May 31st, Gmt Capital Corp bought 1,600 shares of Gran Tierra Energy stock. The shares were acquired at an average price of C$2.34 per share, for a total transaction of C$3,744.00.
  • On Tuesday, May 30th, Gmt Capital Corp bought 12,900 shares of Gran Tierra Energy stock. The shares were acquired at an average price of C$2.35 per share, for a total transaction of C$30,315.00.
  • On Monday, May 15th, Gmt Capital Corp acquired 154,200 shares of Gran Tierra Energy stock. The stock was purchased at an average price of C$2.55 per share, for a total transaction of C$393,210.00.
  • On Friday, May 12th, Gmt Capital Corp acquired 6,700 shares of Gran Tierra Energy stock. The stock was purchased at an average price of C$2.51 per share, for a total transaction of C$16,817.00.
  • On Thursday, May 11th, Gmt Capital Corp acquired 11,400 shares of Gran Tierra Energy stock. The stock was purchased at an average price of C$2.53 per share, for a total transaction of C$28,842.00.
  • On Tuesday, May 9th, Gmt Capital Corp acquired 6,600 shares of Gran Tierra Energy stock. The stock was purchased at an average price of C$2.50 per share, for a total transaction of C$16,500.00.
  • On Wednesday, May 10th, Gmt Capital Corp bought 1,700 shares of Gran Tierra Energy stock. The stock was bought at an average cost of C$2.54 per share, with a total value of C$4,318.00.
  • On Monday, May 8th, Gmt Capital Corp bought 9,800 shares of Gran Tierra Energy stock. The stock was bought at an average cost of C$2.47 per share, with a total value of C$24,206.00.
  • On Thursday, May 4th, Gmt Capital Corp bought 68,800 shares of Gran Tierra Energy stock. The stock was bought at an average cost of C$2.31 per share, with a total value of C$158,928.00.
  • On Monday, May 1st, Gmt Capital Corp bought 3,600 shares of Gran Tierra Energy stock. The stock was bought at an average cost of C$2.51 per share, with a total value of C$9,036.00.

Gran Tierra Energy Inc (GTE) traded up 2.78% during midday trading on Friday, reaching $2.96. The company had a trading volume of 553,186 shares. Gran Tierra Energy Inc has a 12 month low of $2.87 and a 12 month high of $4.42. The firm’s 50-day moving average price is $3.27 and its 200 day moving average price is $3.50. The firm’s market capitalization is $1.18 billion.

Gran Tierra Energy (TSE:GTE) (AMEX:GTE) last released its quarterly earnings results on Wednesday, May 3rd. The company reported $0.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.51) by $0.54. The firm had revenue of $94.66 million for the quarter, compared to analysts’ expectations of $101.70 million. Equities analysts anticipate that Gran Tierra Energy Inc will post $0.14 earnings per share for the current fiscal year.

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

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Several institutional investors have recently bought and sold shares of GTE. Jane Street Group LLC increased its position 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 valued at $107,000 after buying an additional 3,818 shares during the period. Tower Research Capital LLC TRC increased its position in Gran Tierra Energy by 85.1% in the first quarter. Tower Research Capital LLC TRC now owns 40,689 shares of the company’s stock valued at $107,000 after buying an additional 18,709 shares during the period. GLG Partners LP increased its position in Gran Tierra Energy by 185.6% in the fourth quarter. GLG Partners LP now owns 44,241 shares of the company’s stock valued at $134,000 after buying an additional 28,751 shares during the period. Mckinley Capital Management LLC Delaware bought a new position in Gran Tierra Energy during the first quarter valued at about $135,000. Finally, WFG Advisors LP increased its position in Gran Tierra Energy by 34.5% in the fourth quarter. WFG Advisors LP now owns 2,589 shares of the company’s stock valued at $150,000 after buying an additional 664 shares during the period.

A number of analysts have issued reports on the company. Zacks Investment Research downgraded Gran Tierra Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 15th. TD Securities reissued an “action list buy” rating and set a C$6.50 price objective on shares of Gran Tierra Energy in a research report on Friday, May 5th. Credit Suisse Group set a C$4.00 price objective on Gran Tierra Energy and gave the stock a “buy” rating in a research report on Thursday, May 4th. Scotiabank reissued an “outperform” rating and set a C$6.00 price objective on shares of Gran Tierra Energy in a research report on Thursday, May 4th. Finally, Cormark assumed coverage on Gran Tierra Energy in a research report on Monday, March 20th. They issued a “buy” rating for the company. One analyst has rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of C$5.03.

Gran Tierra Energy Company Profile

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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