Gmt Capital Corp Buys 9,800 Shares of Gran Tierra Energy Inc (GTE) Stock

Gran Tierra Energy Inc (TSE:GTE) (NYSEMKT:GTE) insider Gmt Capital Corp bought 9,800 shares of the business’s stock in a transaction on Monday, December 11th. The stock was purchased at an average cost of C$2.24 per share, with a total value of C$21,952.00.

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

  • On Wednesday, December 13th, Gmt Capital Corp bought 4,300 shares of Gran Tierra Energy stock. The stock was purchased at an average cost of C$2.31 per share, with a total value of C$9,933.00.
  • On Friday, December 1st, Gmt Capital Corp bought 5,300 shares of Gran Tierra Energy stock. The stock was purchased at an average cost of C$2.32 per share, with a total value of C$12,296.00.
  • On Wednesday, November 29th, Gmt Capital Corp bought 4,500 shares of Gran Tierra Energy stock. The stock was purchased at an average cost of C$2.13 per share, with a total value of C$9,585.00.
  • On Monday, November 27th, Gmt Capital Corp acquired 22,300 shares of Gran Tierra Energy stock. The shares were bought at an average cost of C$2.09 per share, with a total value of C$46,607.00.
  • On Wednesday, November 22nd, Gmt Capital Corp acquired 20,300 shares of Gran Tierra Energy stock. The shares were bought at an average cost of C$2.13 per share, with a total value of C$43,239.00.
  • On Friday, November 17th, Gmt Capital Corp acquired 15,800 shares of Gran Tierra Energy stock. The shares were bought at an average cost of C$2.10 per share, with a total value of C$33,180.00.
  • On Monday, November 20th, Gmt Capital Corp acquired 3,000 shares of Gran Tierra Energy stock. The shares were bought at an average cost of C$2.11 per share, with a total value of C$6,330.00.
  • On Wednesday, November 15th, Gmt Capital Corp bought 14,600 shares of Gran Tierra Energy stock. The shares were acquired at an average price of C$2.10 per share, with a total value of C$30,660.00.

Gran Tierra Energy Inc (TSE:GTE) traded up C$0.03 during trading on Thursday, hitting C$2.99. The company had a trading volume of 546,675 shares, compared to its average volume of 709,803. Gran Tierra Energy Inc has a 12 month low of C$2.41 and a 12 month high of C$4.18.

Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) last posted its quarterly earnings data on Thursday, November 2nd. The company reported C$0.01 EPS for the quarter, missing the 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 company had revenue of C$103.77 million during the quarter, compared to the consensus estimate of C$110.60 million. During the same period last year, the business earned ($0.71) EPS. The firm’s quarterly revenue was up 51.4% compared to the same quarter last year.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. bought a new stake in Gran Tierra Energy in the 2nd quarter worth approximately $491,000. Parkwood LLC boosted its holdings in Gran Tierra Energy by 90.4% during the 3rd quarter. Parkwood LLC now owns 224,209 shares of the company’s stock valued at $511,000 after acquiring an additional 106,466 shares during the period. California Public Employees Retirement System boosted its holdings in Gran Tierra Energy by 15.4% during the 2nd quarter. California Public Employees Retirement System now owns 1,605,800 shares of the company’s stock valued at $3,597,000 after acquiring an additional 214,000 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in Gran Tierra Energy by 2.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,471,070 shares of the company’s stock valued at $7,695,000 after acquiring an additional 99,228 shares during the period. Finally, Concourse Capital Management LLC boosted its holdings in Gran Tierra Energy by 28.7% during the 3rd quarter. Concourse Capital Management LLC now owns 1,085,061 shares of the company’s stock valued at $2,474,000 after acquiring an additional 242,140 shares during the period.

A number of equities analysts have issued reports on the company. Eight Capital decreased their price objective on Gran Tierra Energy from C$6.50 to C$5.25 in a report on Wednesday, September 27th. Scotiabank reiterated a “buy” rating and issued a C$5.50 price objective on shares of Gran Tierra Energy in a report on Tuesday, October 10th. Finally, Zacks Investment Research upgraded Gran Tierra Energy from a “strong sell” rating to a “hold” rating in a report on Friday, October 27th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Gran Tierra Energy has a consensus rating of “Buy” and an average price target of C$4.68.

TRADEMARK VIOLATION WARNING: “Gmt Capital Corp Buys 9,800 Shares of Gran Tierra Energy Inc (GTE) Stock” was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this piece on another domain, it was copied illegally and reposted in violation of international copyright & trademark laws. The legal version of this piece can be accessed at https://ledgergazette.com/2017/12/14/gmt-capital-corp-buys-9800-shares-of-gran-tierra-energy-inc-gte-stock.html.

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.

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

Receive News & Ratings for Gran Tierra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gran Tierra Energy and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply