Shares of Gran Tierra Energy Inc. (TSE:GTE) have been given a consensus rating of “Buy” by the seventeen ratings firms that are covering the firm. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is C$6.76.

A number of research firms have recently weighed in on GTE. FirstEnergy Capital reissued an “outperform” rating on shares of Gran Tierra Energy in a research note on Friday, August 12th. Scotiabank reissued an “outperform” rating and issued a C$5.25 price target on shares of Gran Tierra Energy in a research note on Wednesday, August 24th. Canaccord Genuity reissued a “buy” rating on shares of Gran Tierra Energy in a research note on Wednesday, July 20th. TD Securities reissued an “action list buy” rating and issued a C$6.00 price target on shares of Gran Tierra Energy in a research note on Tuesday. Finally, Paradigm Capital increased their price target on Gran Tierra Energy from C$4.75 to C$5.00 and gave the company a “buy” rating in a research note on Tuesday, August 9th.

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

A number of large investors have recently modified their holdings of GTE. Schroder Investment Management Group increased its stake in shares of Gran Tierra Energy by 80.5% in the second quarter. Schroder Investment Management Group now owns 5,820,155 shares of the company’s stock valued at $25,260,000 after buying an additional 2,595,154 shares during the period. GSA Capital Partners LLP increased its stake in shares of Gran Tierra Energy by 2.1% in the second quarter. GSA Capital Partners LLP now owns 274,388 shares of the company’s stock valued at $927,000 after buying an additional 5,557 shares during the period. TD Asset Management Inc. increased its stake in shares of Gran Tierra Energy by 75.2% in the second quarter. TD Asset Management Inc. now owns 2,532,520 shares of the company’s stock valued at $8,443,000 after buying an additional 1,087,300 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new stake in shares of Gran Tierra Energy during the second quarter valued at about $2,321,000. Finally, Emerald Acquisition Ltd. purchased a new stake in shares of Gran Tierra Energy during the second quarter valued at about $1,044,000.

Shares of Gran Tierra Energy (TSE:GTE) opened at 3.94 on Monday. The firm’s market cap is $1.17 billion. The firm has a 50 day moving average price of $3.96 and a 200-day moving average price of $3.85. Gran Tierra Energy has a 12 month low of $2.56 and a 12 month high of $4.44.

Gran Tierra Energy Company Profile

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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