Gran Tierra Energy Inc (NYSEAMERICAN:GTE) CEO Buys $63,812.00 in Stock

Gran Tierra Energy Inc (NYSEAMERICAN:GTE) CEO Gary Guidry purchased 60,200 shares of the company’s stock in a transaction on Friday, November 8th. The shares were purchased at an average cost of $1.06 per share, for a total transaction of $63,812.00. Following the completion of the transaction, the chief executive officer now directly owns 2,561,700 shares of the company’s stock, valued at approximately $2,715,402. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Shares of NYSEAMERICAN:GTE traded down $0.02 on Friday, hitting $1.05. The company had a trading volume of 1,388,300 shares, compared to its average volume of 1,960,908. Gran Tierra Energy Inc has a 1-year low of $0.97 and a 1-year high of $2.97.

Gran Tierra Energy (NYSEAMERICAN:GTE) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.02. The company had revenue of $157.99 million during the quarter.

Several large investors have recently added to or reduced their stakes in the business. WINTON GROUP Ltd grew its stake in shares of Gran Tierra Energy by 82.6% in the second quarter. WINTON GROUP Ltd now owns 203,810 shares of the company’s stock valued at $324,000 after acquiring an additional 92,213 shares in the last quarter. Evolution Wealth Advisors LLC acquired a new position in shares of Gran Tierra Energy in the second quarter valued at about $342,000. Foundry Partners LLC grew its stake in shares of Gran Tierra Energy by 7.4% in the second quarter. Foundry Partners LLC now owns 2,683,030 shares of the company’s stock valued at $4,266,000 after acquiring an additional 185,637 shares in the last quarter. Mycio Wealth Partners LLC acquired a new position in shares of Gran Tierra Energy in the second quarter valued at about $1,410,000. Finally, Wells Fargo & Company MN grew its stake in shares of Gran Tierra Energy by 237.1% in the second quarter. Wells Fargo & Company MN now owns 23,115 shares of the company’s stock valued at $37,000 after acquiring an additional 16,257 shares in the last quarter.

Several equities analysts have commented on GTE shares. Scotiabank downgraded shares of Gran Tierra Energy from an “outperform” rating to a “sector perform” rating in a report on Wednesday. TheStreet downgraded shares of Gran Tierra Energy from a “c” rating to a “d” rating in a report on Wednesday. Zacks Investment Research downgraded shares of Gran Tierra Energy from a “buy” rating to a “hold” rating in a report on Friday, October 25th. Canaccord Genuity set a $4.00 price objective on shares of Gran Tierra Energy and gave the company a “buy” rating in a report on Friday, August 30th. Finally, National Bank Financial started coverage on shares of Gran Tierra Energy in a report on Friday, October 11th. They issued a “sector perform” rating on the stock. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Gran Tierra Energy currently has an average rating of “Buy” and an average target price of $3.58.

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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