Wasatch Advisors Inc. reduced its holdings in shares of Gran Tierra Energy Inc (NYSEAMERICAN:GTE) by 10.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,409,518 shares of the company’s stock after selling 409,614 shares during the quarter. Wasatch Advisors Inc. owned approximately 0.87% of Gran Tierra Energy worth $13,024,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. Toronto Dominion Bank lifted its holdings in shares of Gran Tierra Energy by 2.0% in the 3rd quarter. Toronto Dominion Bank now owns 1,460,251 shares of the company’s stock valued at $5,562,000 after purchasing an additional 28,286 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Gran Tierra Energy by 88.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,524,256 shares of the company’s stock valued at $5,823,000 after purchasing an additional 716,377 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Gran Tierra Energy by 200.6% in the 3rd quarter. CIBC Asset Management Inc now owns 1,168,703 shares of the company’s stock valued at $4,448,000 after purchasing an additional 779,886 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Gran Tierra Energy by 19.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 2,446,557 shares of the company’s stock valued at $9,183,000 after purchasing an additional 389,982 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of Gran Tierra Energy by 1.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 12,990,248 shares of the company’s stock valued at $49,623,000 after purchasing an additional 243,990 shares during the last quarter.

Several analysts have commented on GTE shares. Zacks Investment Research raised Gran Tierra Energy from a “hold” rating to a “buy” rating and set a $3.25 price objective for the company in a research note on Tuesday, November 6th. BMO Capital Markets started coverage on Gran Tierra Energy in a research note on Friday, July 20th. They set an “outperform” rating and a $5.50 price objective for the company.

Shares of NYSEAMERICAN:GTE opened at $2.75 on Thursday. Gran Tierra Energy Inc has a one year low of $2.05 and a one year high of $3.96.

Gran Tierra Energy (NYSEAMERICAN:GTE) last announced its earnings results on Thursday, November 1st. The company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.12. The company had revenue of $175.10 million for the quarter, compared to analyst estimates of $177.00 million. Gran Tierra Energy’s quarterly revenue was up 68.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.01 EPS.

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Gran Tierra Energy Company Profile

Gran Tierra Energy Inc, together with its subsidiaries, engages in the exploration and production of oil and gas properties in Colombia. As of December 31, 2017, the company had total proved undeveloped reserves of 19.6 million barrels of oil equivalent. Gran Tierra Energy Inc was incorporated in 2003 and is headquartered in Calgary, Canada.

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Institutional Ownership by Quarter for Gran Tierra Energy (NYSEAMERICAN:GTE)

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