TD Securities reaffirmed their action list buy rating on shares of Gran Tierra Energy Inc. (TSE:GTE) in a research report report published on Tuesday. TD Securities currently has a C$6.00 price target on the stock.

GTE has been the subject of several other research reports. Canaccord Genuity reaffirmed a buy rating on shares of Gran Tierra Energy in a research note on Wednesday, July 20th. Scotiabank reaffirmed an outperform rating and set a C$5.25 price target on shares of Gran Tierra Energy in a research note on Tuesday, August 9th. Citigroup Inc. raised Gran Tierra Energy from a neutral rating to a buy rating in a research note on Friday, November 4th. FirstEnergy Capital reaffirmed an outperform rating on shares of Gran Tierra Energy in a research note on Friday, August 12th. Finally, Royal Bank Of Canada lifted their price target on Gran Tierra Energy from C$6.00 to C$6.50 and gave the stock a top pick rating in a research note on Tuesday, July 12th. Three investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. Gran Tierra Energy has an average rating of Buy and an average price target of C$6.62.

Analyst Recommendations for Gran Tierra Energy (TSE:GTE)

Gran Tierra Energy (TSE:GTE) opened at 4.07 on Tuesday. The firm’s 50-day moving average is $3.95 and its 200 day moving average is $3.84. The stock’s market cap is $1.21 billion. Gran Tierra Energy has a 52 week low of $2.56 and a 52 week high of $4.44.

In other news, insider Susan Lynn Mawdsley purchased 36,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 9th. The shares were acquired at an average cost of C$2.98 per share, with a total value of C$107,280.00. Following the transaction, the insider now owns 15,500 shares in the company, valued at approximately C$46,190. Also, VP Lawrence West purchased 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 9th. The shares were purchased at an average cost of C$3.05 per share, for a total transaction of C$76,250.00. Following the completion of the transaction, the vice president now owns 228,830 shares in the company, valued at approximately C$697,931.50. The disclosure for this purchase can be found here.

Several large investors have recently bought and sold shares of GTE. HBK Investments L P raised its stake in Gran Tierra Energy by 52.5% in the first quarter. HBK Investments L P now owns 1,074,100 shares of the company’s stock valued at $2,653,000 after buying an additional 370,000 shares in the last quarter. Renaissance Technologies LLC raised its stake in Gran Tierra Energy by 22.7% in the first quarter. Renaissance Technologies LLC now owns 7,204,500 shares of the company’s stock valued at $17,798,000 after buying an additional 1,333,000 shares in the last quarter. Foundry Partners LLC purchased a new stake in Gran Tierra Energy during the second quarter valued at about $4,060,000. CIBC World Markets Inc. raised its stake in Gran Tierra Energy by 10.6% in the second quarter. CIBC World Markets Inc. now owns 63,385 shares of the company’s stock valued at $214,000 after buying an additional 6,064 shares in the last quarter. Finally, Bank of Montreal Can purchased a new stake in Gran Tierra Energy during the second quarter valued at about $1,191,000.

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.

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