Gran Tierra Energy Inc (TSE:GTE) (AMEX:GTE) has received an average recommendation of “Buy” from the fourteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, ten have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is C$4.96.

A number of analysts recently commented on the company. Zacks Investment Research upgraded Gran Tierra Energy from a “hold” rating to a “buy” rating and set a C$2.50 price objective for the company in a research report on Tuesday, July 18th. Credit Suisse Group set a C$4.00 price objective on Gran Tierra Energy and gave the company a “buy” rating in a research report on Thursday, May 4th. TD Securities reiterated 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. Finally, Scotiabank reiterated 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.

Shares of Gran Tierra Energy (GTE) opened at 2.86 on Monday. Gran Tierra Energy has a 12 month low of $2.65 and a 12 month high of $4.40. The stock’s market capitalization is $1.14 billion. The stock’s 50 day moving average price is $2.91 and its 200 day moving average price is $3.33.

Gran Tierra Energy (TSE:GTE) (AMEX:GTE) last posted its quarterly earnings results on Wednesday, May 3rd. The company reported $0.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.51) by $0.54. Gran Tierra Energy had a return on equity of 5.52% and a net margin of 13.43%. The firm had revenue of $94.66 million during the quarter, compared to analysts’ expectations of $101.70 million. Analysts expect that Gran Tierra Energy will post $0.13 EPS for the current year.

In related news, CFO Ryan Ellson purchased 16,000 shares of the business’s stock in a transaction on Friday, May 5th. The stock was acquired at an average price of C$2.38 per share, with a total value of C$38,080.00. Following the completion of the acquisition, the chief financial officer now owns 236,030 shares of the company’s stock, valued at approximately C$561,751.40. Also, insider Gmt Capital Corp purchased 68,800 shares of the business’s stock in a transaction on Thursday, May 4th. The shares were bought at an average cost of C$2.31 per share, with a total value of C$158,928.00. Insiders have acquired 404,350 shares of company stock valued at $981,022 in the last three months.

A number of hedge funds have recently added to or reduced their stakes in GTE. FMR LLC raised its stake in Gran Tierra Energy by 6.1% in the fourth quarter. FMR LLC now owns 2,416,385 shares of the company’s stock valued at $7,307,000 after buying an additional 137,900 shares in the last quarter. AQR Capital Management LLC raised its stake in Gran Tierra Energy by 42.7% in the fourth quarter. AQR Capital Management LLC now owns 229,029 shares of the company’s stock valued at $692,000 after buying an additional 68,577 shares in the last quarter. Norges Bank bought a new stake in Gran Tierra Energy during the fourth quarter valued at about $6,835,000. Highbridge Capital Management LLC raised its stake in Gran Tierra Energy by 5.6% in the fourth quarter. Highbridge Capital Management LLC now owns 330,997 shares of the company’s stock valued at $1,000,000 after buying an additional 17,443 shares in the last quarter. Finally, Foundry Partners LLC raised its stake in Gran Tierra Energy by 14.5% in the first quarter. Foundry Partners LLC now owns 1,442,051 shares of the company’s stock valued at $3,807,000 after buying an additional 183,006 shares in the last quarter.

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About Gran Tierra Energy

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.

Analyst Recommendations for Gran Tierra Energy (TSE:GTE)

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