Gran Tierra Energy Inc (TSE:GTE) (NYSEMKT:GTE) Director Brooke Nelson Wade bought 150,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 7th. The stock was purchased at an average cost of C$2.56 per share, with a total value of C$384,000.00.
Shares of Gran Tierra Energy Inc (GTE) traded up C$0.02 on Wednesday, reaching C$3.35. The company’s stock had a trading volume of 762,216 shares, compared to its average volume of 656,560. The company has a market cap of $1,310.00, a price-to-earnings ratio of -33.50 and a beta of 0.24. Gran Tierra Energy Inc has a 1 year low of C$2.41 and a 1 year high of C$3.75.
A number of brokerages recently commented on GTE. Scotiabank set a C$5.75 target price on Gran Tierra Energy and gave the company an “outperform” rating in a research report on Friday, January 26th. CIBC boosted their target price on Gran Tierra Energy from C$3.00 to C$3.50 in a research report on Tuesday, January 23rd. Eight Capital boosted their target price on Gran Tierra Energy from C$5.50 to C$6.25 in a research report on Tuesday, February 6th. Finally, Royal Bank of Canada boosted their price objective on Gran Tierra Energy from C$4.60 to C$4.80 and gave the stock a “top pick” rating in a report on Friday, March 2nd. One analyst has rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of C$4.76.
Institutional investors and hedge funds have recently modified their holdings of the business. Brandes Investment Partners LP increased its holdings in Gran Tierra Energy by 20.1% during the 3rd 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 in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Gran Tierra Energy by 1,810.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 208,723 shares of the company’s stock worth $476,000 after purchasing an additional 197,800 shares in the last quarter. Parkwood LLC increased 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 worth $511,000 after purchasing an additional 106,466 shares in the last quarter. State Street Corp increased its holdings in Gran Tierra Energy by 2.2% during the 2nd quarter. State Street Corp now owns 374,942 shares of the company’s stock worth $840,000 after purchasing an additional 8,119 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Gran Tierra Energy by 78.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 392,545 shares of the company’s stock worth $895,000 after purchasing an additional 173,178 shares in the last quarter.
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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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