Gran Tierra Energy Inc. (TSE:GTE) (AMEX:GTE) Director David P. Smith acquired 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 29th. The stock was purchased at an average cost of C$3.00 per share, with a total value of C$90,000.00.

Shares of Gran Tierra Energy Inc. (TSE:GTE) opened at 3.84 on Thursday. The firm has a 50-day moving average price of $4.01 and a 200 day moving average price of $3.88. Gran Tierra Energy Inc. has a 12 month low of $2.56 and a 12 month high of $4.44. The company’s market cap is $1.37 billion.

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Several hedge funds and other institutional investors have recently bought and sold shares of the company. Roanoke Asset Management Corp NY bought a new position in Gran Tierra Energy during the second quarter valued at approximately $101,000. Capstone Investment Advisors LLC increased its position in Gran Tierra Energy by 8.5% in the second quarter. Capstone Investment Advisors LLC now owns 36,251 shares of the company’s stock valued at $122,000 after buying an additional 2,851 shares during the period. Teacher Retirement System of Texas increased its position in Gran Tierra Energy by 20.3% in the second quarter. Teacher Retirement System of Texas now owns 41,554 shares of the company’s stock valued at $140,000 after buying an additional 7,023 shares during the period. Hsbc Holdings PLC increased its position in Gran Tierra Energy by 10.6% in the second quarter. Hsbc Holdings PLC now owns 41,489 shares of the company’s stock valued at $140,000 after buying an additional 3,971 shares during the period. Finally, Virginia Retirement Systems ET AL bought a new position in Gran Tierra Energy during the second quarter valued at approximately $155,000.

A number of research analysts have weighed in on the company. TD Securities reaffirmed an “action list buy” rating and set a C$6.00 target price on shares of Gran Tierra Energy in a report on Tuesday, November 8th. Canaccord Genuity reaffirmed a “buy” rating on shares of Gran Tierra Energy in a report on Wednesday, September 14th. 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 report on Tuesday, August 9th. Citigroup Inc. raised Gran Tierra Energy from a “neutral” rating to a “buy” rating in a report on Friday, November 4th. Finally, Scotiabank reaffirmed an “outperform” rating and set a C$5.50 target price on shares of Gran Tierra Energy in a report on Tuesday, November 15th. One research analyst has rated the stock with a sell rating, one has given a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price 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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