Sentry Investments Corp. Sells 817,100 Shares of Gran Tierra Energy Inc (GTE)
Sentry Investments Corp. reduced its stake in shares of Gran Tierra Energy Inc (TSE:GTE) (AMEX:GTE) by 44.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,027,700 shares of the company’s stock after selling 817,100 shares during the period. Sentry Investments Corp. owned 0.26% of Gran Tierra Energy worth $2,960,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. Jane Street Group LLC boosted its stake in Gran Tierra Energy by 10.4% in the first quarter. Jane Street Group LLC now owns 40,479 shares of the company’s stock valued at $107,000 after buying an additional 3,818 shares during the period. Tower Research Capital LLC TRC boosted its stake in Gran Tierra Energy by 85.1% in the first quarter. Tower Research Capital LLC TRC now owns 40,689 shares of the company’s stock valued at $107,000 after buying an additional 18,709 shares during the period. Mckinley Capital Management LLC Delaware purchased a new stake in Gran Tierra Energy during the first quarter valued at about $135,000. Karp Capital Management Corp purchased a new stake in Gran Tierra Energy during the first quarter valued at about $182,000. Finally, Brandes Investment Partners LP boosted its stake in Gran Tierra Energy by 16.6% in the first quarter. Brandes Investment Partners LP now owns 72,480 shares of the company’s stock valued at $191,000 after buying an additional 10,320 shares during the period.
Shares of Gran Tierra Energy Inc (TSE:GTE) opened at 2.54 on Friday. The company’s 50-day moving average is $2.76 and its 200 day moving average is $3.15. Gran Tierra Energy Inc has a 52 week low of $2.51 and a 52 week high of $4.40. The firm’s market capitalization is $1.00 billion.
Gran Tierra Energy (TSE:GTE) (AMEX:GTE) last announced its earnings results on Thursday, August 3rd. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.04 by $0.06. The firm had revenue of $96.13 million during the quarter, compared to analysts’ expectations of $99.95 million. Gran Tierra Energy had a negative net margin of 7.08% and a negative return on equity of 2.76%. Analysts anticipate that Gran Tierra Energy Inc will post $0.07 EPS for the current fiscal year.
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Several research firms have recently issued reports on GTE. Zacks Investment Research cut shares of Gran Tierra Energy from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 8th. TD Securities reaffirmed an “action list buy” rating and set a C$6.50 price objective on shares of Gran Tierra Energy in a research report on Friday, May 5th. One analyst has rated the stock with a sell rating, seven have issued a buy rating and two have given a strong buy rating to the company. Gran Tierra Energy presently has an average rating of “Buy” and an average price target of C$4.90.
In related news, insider Gmt Capital Corp acquired 22,700 shares of Gran Tierra Energy stock in a transaction on Monday, August 14th. The shares were purchased at an average cost of C$2.19 per share, for a total transaction of C$49,713.00. Also, Director David Paul Smith acquired 35,000 shares of Gran Tierra Energy stock in a transaction on Wednesday, June 21st. The shares were bought at an average price of C$2.08 per share, for a total transaction of C$72,800.00.
About Gran Tierra Energy
Gran Tierra Energy Inc, an independent energy company, engages in the acquisition, exploration, development, and production of oil and gas properties in Colombia, Peru, and Brazil. As of December 31, 2016, the company had total proved undeveloped reserves of 14.9 million barrels of oil equivalent (MMBOE), including 10.4 MMBOE in Colombia and 4.5 MMBOE in Brazil.
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