Scotiabank reiterated their outperform rating on shares of Gran Tierra Energy Inc. (TSE:GTE) (AMEX:GTE) in a research note issued to investors on Wednesday. They currently have a C$5.50 price objective on the stock.

Several other equities analysts have also recently weighed in on GTE. Paradigm Capital increased their price objective on shares of Gran Tierra Energy from C$4.75 to C$5.00 and gave the stock a buy rating in a research note on Tuesday, August 9th. TD Securities reiterated a buy rating and issued a C$5.50 price objective on shares of Gran Tierra Energy in a research note on Tuesday, August 9th. FirstEnergy Capital reiterated an outperform rating on shares of Gran Tierra Energy in a research note on Friday, August 12th. Canaccord Genuity reiterated a buy rating on shares of Gran Tierra Energy in a research note on Wednesday, September 14th. Finally, Citigroup Inc. raised shares of Gran Tierra Energy from a neutral rating to a buy rating in a report on Friday, November 4th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company’s stock. Gran Tierra Energy has an average rating of Buy and an average price target of C$6.62.

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

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In other news, VP Rodger Derrick Trimble purchased 12,500 shares of the business’s stock in a transaction dated Tuesday, November 29th. The shares were purchased at an average price of C$3.00 per share, for a total transaction of C$37,500.00. Following the completion of the purchase, the vice president now owns 37,500 shares in the company, valued at approximately C$112,500. Also, Director David P. Smith purchased 30,000 shares of the business’s stock in a transaction dated Tuesday, November 29th. The shares were purchased at an average price of C$3.00 per share, for a total transaction of C$90,000.00. The disclosure for this purchase can be found here.

Several institutional investors have recently made changes to their positions in GTE. Capstone Investment Advisors LLC raised its position in shares of 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 in the last quarter. Hsbc Holdings PLC raised 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. BlackRock Group LTD raised its position in Gran Tierra Energy by 4.4% in the third quarter. BlackRock Group LTD now owns 119,603 shares of the company’s stock valued at $359,000 after buying an additional 5,085 shares during the period. GSA Capital Partners LLP raised 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 valued at $927,000 after buying an additional 5,557 shares during the period. Finally, CIBC World Markets Inc. raised its position in Gran Tierra Energy by 10.6% in the second quarter. CIBC World Markets Inc. now owns 63,385 shares of the company’s stock valued at $214,000 after buying an additional 6,064 shares during the period.

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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