Shares of Gran Tierra Energy Inc (TSE:GTE) (AMEX:GTE) have been given a consensus rating of “Buy” by the eleven ratings firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, seven have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is C$5.37.

Separately, Zacks Investment Research lowered shares of Gran Tierra Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 15th.

Shares of Gran Tierra Energy (TSE GTE) opened at 2.51 on Tuesday. The company has a 50-day moving average price of $2.71 and a 200 day moving average price of $3.12. The firm’s market capitalization is $990.88 million. Gran Tierra Energy has a one year low of $2.41 and a one year high of $4.40.

Gran Tierra Energy (TSE:GTE) (AMEX:GTE) last released its quarterly earnings data on Thursday, August 3rd. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by $0.06. Gran Tierra Energy had a negative net margin of 7.08% and a negative return on equity of 2.76%. The business had revenue of $96.13 million during the quarter, compared to analyst estimates of $99.95 million. Analysts expect that Gran Tierra Energy will post $0.07 earnings per share for the current fiscal year.

In other news, insider Gmt Capital Corp bought 15,100 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The shares were purchased at an average price of C$2.04 per share, for a total transaction of C$30,804.00. Also, Director David Paul Smith bought 35,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 21st. The stock was purchased at an average price of C$2.08 per share, for a total transaction of C$72,800.00. Insiders purchased a total of 90,000 shares of company stock worth $188,749 in the last quarter.

A number of institutional investors and hedge funds have recently made changes to their positions in GTE. Jane Street Group LLC increased its holdings in shares of Gran Tierra Energy by 10.4% during the 1st quarter. Jane Street Group LLC now owns 40,479 shares of the company’s stock worth $107,000 after purchasing an additional 3,818 shares during the period. Virtu KCG Holdings LLC increased its holdings in shares of Gran Tierra Energy by 3.7% during the 2nd quarter. Virtu KCG Holdings LLC now owns 115,353 shares of the company’s stock worth $258,000 after purchasing an additional 4,063 shares during the period. Aperio Group LLC increased its holdings in shares of Gran Tierra Energy by 6.9% during the 2nd quarter. Aperio Group LLC now owns 73,692 shares of the company’s stock worth $165,000 after purchasing an additional 4,769 shares during the period. State Street Corp increased its holdings in shares of Gran Tierra Energy by 2.2% during the 2nd quarter. State Street Corp now owns 374,942 shares of the company’s stock worth $840,000 after purchasing an additional 8,119 shares during the period. Finally, Brandes Investment Partners LP increased its holdings in shares of Gran Tierra Energy by 16.6% during the 1st quarter. Brandes Investment Partners LP now owns 72,480 shares of the company’s stock worth $191,000 after purchasing an additional 10,320 shares during the period.

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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.

Analyst Recommendations for Gran Tierra Energy (TSE:GTE)

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