TD Securities reaffirmed their action list buy rating on shares of Gran Tierra Energy Inc. (TSE:GTE) (TSE:GTE) in a research report sent to investors on Wednesday morning. The firm currently has a C$6.00 target price on the stock.

A number of other analysts have also issued reports on GTE. FirstEnergy Capital reissued an outperform rating on shares of Gran Tierra Energy in a research note on Friday, August 12th. Scotiabank lifted their price objective on Gran Tierra Energy from C$5.25 to C$5.50 and gave the company an outperform rating in a research note on Tuesday, November 8th. Canaccord Genuity reaffirmed a buy rating on shares of Gran Tierra Energy in a research note on Wednesday, September 14th. Paradigm Capital lifted their price objective 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. Finally, Citigroup Inc. raised Gran Tierra Energy from a neutral rating to a buy rating in a research note on Friday, November 4th. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of C$6.62.

Gran Tierra Energy (TSE:GTE) traded up 1.45% during mid-day trading on Wednesday, hitting $4.19. 1,114,690 shares of the company were exchanged. The stock’s market cap is $1.46 billion. The firm has a 50 day moving average price of $4.01 and a 200 day moving average price of $3.86. Gran Tierra Energy has a 12 month low of $2.56 and a 12 month high of $4.44.

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

A number of institutional investors have recently bought and sold shares of GTE. Ingalls & Snyder LLC purchased a new position in Gran Tierra Energy during the second quarter valued at approximately $32,586,000. Alliancebernstein L.P. boosted its position 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 valued at $20,959,000 after buying an additional 5,506,070 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its position in Gran Tierra Energy by 875.4% in the third quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 6,037,600 shares of the company’s stock valued at $18,380,000 after buying an additional 5,418,600 shares during the period. Franklin Resources Inc. boosted 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 valued at $61,357,000 after buying an additional 2,643,723 shares during the period. Finally, 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 valued at $25,260,000 after buying an additional 2,595,154 shares during the period.

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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