Shares of Gran Tierra Energy Inc (TSE:GTE) (AMEX:GTE) have been given a consensus rating of “Buy” by the eleven analysts that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, seven have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is C$5.37.
Separately, Zacks Investment Research raised shares of Gran Tierra Energy from a “hold” rating to a “strong-buy” rating and set a C$2.50 price objective on the stock in a report on Monday, July 3rd.
In related news, Director David Paul Smith acquired 35,000 shares of Gran Tierra Energy stock in a transaction on Wednesday, June 21st. The stock was bought at an average cost of C$2.08 per share, for a total transaction of C$72,800.00. Also, insider Gmt Capital Corp acquired 22,700 shares of Gran Tierra Energy stock in a transaction on Monday, August 14th. The shares were bought at an average price of C$2.19 per share, with a total value of C$49,713.00. Over the last quarter, insiders purchased 130,500 shares of company stock valued at $272,442.
A number of large investors have recently bought and sold shares of GTE. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Gran Tierra Energy by 1,055.6% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 126,223 shares of the company’s stock worth $333,000 after acquiring an additional 115,300 shares during the period. UBS Asset Management Americas Inc. raised its position in Gran Tierra Energy by 298.6% during the first quarter. UBS Asset Management Americas Inc. now owns 675,733 shares of the company’s stock worth $1,784,000 after acquiring an additional 506,192 shares during the period. Karp Capital Management Corp acquired a new position in Gran Tierra Energy during the first quarter worth $182,000. Parkwood LLC raised its position in Gran Tierra Energy by 115.7% during the first quarter. Parkwood LLC now owns 81,238 shares of the company’s stock worth $214,000 after acquiring an additional 43,567 shares during the period. Finally, Virginia Retirement Systems ET AL raised its position in Gran Tierra Energy by 14.0% during the first quarter. Virginia Retirement Systems ET AL now owns 215,131 shares of the company’s stock worth $568,000 after acquiring an additional 26,431 shares during the period.
Gran Tierra Energy (GTE) traded down 2.56% on Tuesday, reaching $2.66. 954,260 shares of the company’s stock traded hands. The stock’s market cap is $1.05 billion. Gran Tierra Energy has a 12-month low of $2.41 and a 12-month high of $4.40. The stock has a 50 day moving average price of $2.69 and a 200 day moving average price of $3.10.
Gran Tierra Energy (TSE:GTE) (AMEX:GTE) last released its quarterly earnings data on Thursday, August 3rd. The company reported C($0.02) EPS for the quarter, missing the consensus estimate of C$0.04 by C($0.06). The business had revenue of C$96.13 million during the quarter, compared to analysts’ expectations of C$99.95 million. Gran Tierra Energy had a negative net margin of 7.08% and a negative return on equity of 2.76%. Analysts forecast that Gran Tierra Energy will post $0.07 EPS for the current year.
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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