Gran Tierra Energy Inc. (TSE:GTE) VP Lawrence West acquired 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 9th. The shares were bought at an average price of C$3.05 per share, with a total value of C$76,250.00. Following the acquisition, the vice president now directly owns 228,830 shares in the company, valued at C$697,931.50.

Shares of Gran Tierra Energy Inc. (TSE:GTE) opened at 3.86 on Tuesday. Gran Tierra Energy Inc. has a 12-month low of $2.56 and a 12-month high of $4.44. The stock has a 50 day moving average of $3.97 and a 200 day moving average of $3.85. The stock’s market capitalization is $1.34 billion.

Institutional investors have recently bought and sold shares of the stock. Franklin Resources Inc. raised its position in Gran Tierra Energy by 16.9% in the second quarter. Franklin Resources Inc. now owns 18,258,335 shares of the company’s stock worth $61,357,000 after buying an additional 2,643,723 shares during the period. Ingalls & Snyder LLC increased its stake in Gran Tierra Energy by 10.4% in the third quarter. Ingalls & Snyder LLC now owns 10,647,703 shares of the company’s stock worth $32,050,000 after buying an additional 1,006,995 shares during the period. Renaissance Technologies LLC increased 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 worth $17,798,000 after buying an additional 1,333,000 shares during the period. Alliancebernstein L.P. increased its stake in Gran Tierra Energy by 792.6% in the second quarter. Alliancebernstein L.P. now owns 6,200,740 shares of the company’s stock worth $20,959,000 after buying an additional 5,506,070 shares during the period. Finally, Vanguard Group Inc. increased its stake in Gran Tierra Energy by 8.4% in the second quarter. Vanguard Group Inc. now owns 6,187,513 shares of the company’s stock worth $20,913,000 after buying an additional 481,590 shares during the period.

Several research firms have recently commented on GTE. Scotiabank boosted their price target on shares of Gran Tierra Energy from C$5.25 to C$5.50 and gave the company an “outperform” rating in a report on Tuesday, November 8th. TD Securities reaffirmed an “action list buy” rating and issued a C$6.00 price objective on shares of Gran Tierra Energy in a research report on Tuesday, November 8th. Citigroup Inc. raised shares of Gran Tierra Energy from a “neutral” rating to a “buy” rating in a research report on Friday, November 4th. Canaccord Genuity reaffirmed a “buy” rating on shares of Gran Tierra Energy in a research report on Wednesday, September 14th. Finally, FirstEnergy Capital reaffirmed an “outperform” rating on shares of Gran Tierra Energy in a research report on Friday, August 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 currently has a consensus rating of “Buy” and an average price target of C$6.62.

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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