Shares of Gran Tierra Energy Inc (TSE:GTE) (NYSEMKT:GTE) have received a consensus recommendation of “Buy” from the nine research firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is C$5.31.

A number of research analysts have commented on GTE shares. Scotiabank restated a “buy” rating and set a C$5.50 price objective on shares of Gran Tierra Energy in a research note on Tuesday, October 10th. Zacks Investment Research cut Gran Tierra Energy from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 18th. Finally, Eight Capital reduced their price objective on Gran Tierra Energy from C$6.50 to C$5.25 in a research note on Wednesday, September 27th.

In other Gran Tierra Energy news, insider Gmt Capital Corp bought 15,800 shares of the company’s stock in a transaction dated Friday, November 17th. The shares were acquired at an average cost of C$2.10 per share, with a total value of C$33,180.00. In the last 90 days, insiders have acquired 99,900 shares of company stock worth $213,782.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Virtu KCG Holdings LLC increased its position in shares of Gran Tierra Energy by 3.7% during the second quarter. Virtu KCG Holdings LLC now owns 115,353 shares of the company’s stock worth $258,000 after acquiring an additional 4,063 shares during the last quarter. State Street Corp increased its position in shares of Gran Tierra Energy by 2.2% during the second quarter. State Street Corp now owns 374,942 shares of the company’s stock worth $840,000 after acquiring an additional 8,119 shares during the last quarter. Toronto Dominion Bank increased its position in shares of Gran Tierra Energy by 0.4% during the second quarter. Toronto Dominion Bank now owns 5,891,616 shares of the company’s stock worth $13,084,000 after acquiring an additional 23,195 shares during the last quarter. Brandes Investment Partners LP increased its position in shares of Gran Tierra Energy by 20.1% during the third quarter. Brandes Investment Partners LP now owns 151,959 shares of the company’s stock worth $346,000 after acquiring an additional 25,406 shares during the last quarter. Finally, Bank of Nova Scotia increased its position in shares of Gran Tierra Energy by 39.3% during the second quarter. Bank of Nova Scotia now owns 115,707 shares of the company’s stock worth $257,000 after acquiring an additional 32,656 shares during the last quarter.

Gran Tierra Energy (GTE) opened at C$3.70 on Monday. Gran Tierra Energy has a fifty-two week low of C$2.41 and a fifty-two week high of C$3.75. The firm has a market capitalization of $1,460.00, a price-to-earnings ratio of -9.25 and a beta of 0.17.

Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) last issued its earnings results on Thursday, November 2nd. The company reported C$0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.05 by C($0.04). Gran Tierra Energy had a net margin of 3.02% and a return on equity of 1.28%. The firm had revenue of C$103.77 million during the quarter, compared to analyst estimates of C$110.60 million. During the same quarter in the previous year, the business posted ($0.71) EPS. Gran Tierra Energy’s revenue was up 51.4% compared to the same quarter last year.

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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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