Gran Tierra Energy Inc. (TSE:GTE) (TSE:GTE)‘s stock had its “outperform” rating reiterated by Scotiabank in a note issued to investors on Tuesday. They currently have a C$5.50 price objective on the stock. Scotiabank’s target price would indicate a potential upside of 78.57% from the company’s previous close.

GTE has been the subject of several other research reports. Canaccord Genuity reiterated a “buy” rating on shares of Gran Tierra Energy in a research report on Wednesday, July 20th. TD Securities reiterated an “action list buy” rating and issued a C$5.50 price objective on shares of Gran Tierra Energy in a research report on Tuesday, September 27th. Citigroup Inc. raised Gran Tierra Energy from a “neutral” rating to a “buy” rating in a research note on Friday, November 4th. FirstEnergy Capital reissued an “outperform” rating on shares of Gran Tierra Energy in a research note on Friday, August 12th. Finally, Paradigm Capital lifted their target price 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. Three investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of C$6.62.

Analyst Recommendations for Gran Tierra Energy (TSE:GTE)

Shares of Gran Tierra Energy (TSE:GTE) opened at 4.13 on Tuesday. The stock’s market capitalization is $1.43 billion. The stock’s 50 day moving average price is $4.01 and its 200 day moving average price is $3.86. Gran Tierra Energy has a one year low of $2.56 and a one year high of $4.44.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of GTE. UBS Asset Management Americas Inc. boosted its position in Gran Tierra Energy by 10.7% in the second quarter. UBS Asset Management Americas Inc. now owns 189,090 shares of the company’s stock worth $639,000 after buying an additional 18,300 shares during the last quarter. Schroder Investment Management Group boosted its position in 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 worth $25,260,000 after buying an additional 2,595,154 shares during the last quarter. GSA Capital Partners LLP boosted its position in Gran Tierra Energy by 2.1% in the second quarter. GSA Capital Partners LLP now owns 274,388 shares of the company’s stock worth $927,000 after buying an additional 5,557 shares during the last quarter. TD Asset Management Inc. boosted its position in 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 worth $8,443,000 after buying an additional 1,087,300 shares during the last quarter. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in Gran Tierra Energy during the second quarter worth about $2,321,000.

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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