Shares of Gran Tierra Energy Inc (NYSEAMERICAN:GTE) have received a consensus recommendation of “Buy” from the seven ratings firms that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $5.50.
Several analysts have recently commented on GTE shares. Royal Bank of Canada reissued a “neutral” rating and issued a $192.00 price objective on shares of Amgen in a research note on Tuesday, May 21st. Scotiabank raised Gibson Energy from an “average” rating to a “buy” rating and set a C$25.00 target price for the company in a report on Friday, May 10th. Zacks Investment Research lowered W. R. Grace & Co from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. BMO Capital Markets reaffirmed a “buy” rating on shares of Gran Tierra Energy in a report on Wednesday, June 26th. Finally, Canaccord Genuity reaffirmed a “buy” rating on shares of in a report on Thursday, June 20th.
Shares of NYSEAMERICAN:GTE traded down $0.03 during midday trading on Wednesday, reaching $1.60. The company’s stock had a trading volume of 74,696 shares, compared to its average volume of 1,939,535. Gran Tierra Energy has a fifty-two week low of $1.43 and a fifty-two week high of $3.96.
In related news, CFO Ryan Ellson acquired 18,400 shares of Gran Tierra Energy stock in a transaction dated Wednesday, June 19th. The shares were purchased at an average cost of $1.61 per share, with a total value of $29,624.00. Following the completion of the purchase, the chief financial officer now owns 254,430 shares of the company’s stock, valued at $409,632.30. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Gmt Capital Corp acquired 1,141,000 shares of Gran Tierra Energy stock in a transaction dated Wednesday, May 8th. The shares were bought at an average cost of $2.18 per share, for a total transaction of $2,487,380.00. Following the completion of the purchase, the insider now directly owns 75,698,386 shares of the company’s stock, valued at approximately $165,022,481.48. The disclosure for this purchase can be found here. Insiders have acquired 1,169,400 shares of company stock worth $2,533,104 in the last 90 days.
Several hedge funds and other institutional investors have recently bought and sold shares of GTE. Jane Street Group LLC grew its stake in shares of Gran Tierra Energy by 10.6% in the fourth quarter. Jane Street Group LLC now owns 48,144 shares of the company’s stock worth $104,000 after purchasing an additional 4,600 shares during the last quarter. CIBC Private Wealth Group LLC bought a new stake in Gran Tierra Energy during the 1st quarter valued at approximately $114,000. United Services Automobile Association boosted its position in Gran Tierra Energy by 45.3% during the 4th quarter. United Services Automobile Association now owns 58,146 shares of the company’s stock valued at $126,000 after acquiring an additional 18,137 shares in the last quarter. K.J. Harrison & Partners Inc boosted its position in Gran Tierra Energy by 490.2% during the 1st quarter. K.J. Harrison & Partners Inc now owns 60,200 shares of the company’s stock valued at $137,000 after acquiring an additional 50,000 shares in the last quarter. Finally, Great Lakes Advisors LLC bought a new stake in Gran Tierra Energy during the 1st quarter valued at approximately $156,000.
Gran Tierra Energy Company Profile
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, 2018, the company had total proved undeveloped reserves of 17.3 million barrels of oil equivalent. Gran Tierra Energy Inc was incorporated in 2003 and is headquartered in Calgary, Canada.
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