CSFB upgraded shares of Gran Tierra Energy Inc. (TSE:GTE) (AMEX:GTE) from a neutral rating to an outperform rating in a research report sent to investors on Friday morning.

Several other equities research analysts also recently weighed in on the company. TD Securities decreased their price objective on Gran Tierra Energy from C$7.00 to C$6.50 in a report on Friday, February 10th. Credit Suisse Group raised Gran Tierra Energy from a neutral rating to an outperform rating and increased their price objective for the company from C$3.75 to C$4.00 in a report on Friday, February 10th. Scotiabank reissued an outperform rating and issued a C$6.00 price objective on shares of Gran Tierra Energy in a report on Tuesday, February 7th. CIBC decreased their price objective on Gran Tierra Energy from C$4.75 to C$4.50 in a report on Wednesday, January 25th. Finally, Canaccord Genuity set a C$5.00 price objective on Gran Tierra Energy and gave the company a buy rating in a report on Monday, January 23rd. Fourteen equities research analysts have rated the stock with a buy rating and three 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$6.47.

Gran Tierra Energy (TSE:GTE) traded down 0.28% during midday trading on Friday, hitting $3.56. 918,145 shares of the stock were exchanged. The stock’s market cap is $1.27 billion. The firm has a 50-day moving average price of $3.57 and a 200-day moving average price of $3.79. Gran Tierra Energy has a one year low of $2.86 and a one year high of $4.44.

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In related news, VP Rodger Derrick Trimble purchased 12,500 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$37,500.00. Following the completion of the acquisition, the vice president now directly owns 37,500 shares in the company, valued at C$112,500. Also, VP David Eldon Hardy purchased 9,000 shares of the firm’s stock in a transaction that occurred on Friday, December 23rd. The shares were bought at an average cost of C$2.84 per share, with a total value of C$25,560.00. Following the completion of the acquisition, the vice president now owns 24,000 shares of the company’s stock, valued at C$68,160. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 151,500 shares of company stock valued at $446,010.

Large investors have recently modified their holdings of the company. Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of Gran Tierra Energy by 176.8% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 99,642 shares of the company’s stock valued at $3,320,000 after buying an additional 63,642 shares in the last quarter. Great West Life Assurance Co. Can increased its stake in shares of Gran Tierra Energy by 8.3% in the third quarter. Great West Life Assurance Co. Can now owns 82,540 shares of the company’s stock valued at $246,000 after buying an additional 6,350 shares in the last quarter. K.J. Harrison & Partners Inc increased its stake in shares of Gran Tierra Energy by 36.0% in the third quarter. K.J. Harrison & Partners Inc now owns 570,400 shares of the company’s stock valued at $1,717,000 after buying an additional 151,100 shares in the last quarter. CIBC Asset Management Inc increased its stake in shares of Gran Tierra Energy by 22.5% in the third quarter. CIBC Asset Management Inc now owns 142,292 shares of the company’s stock valued at $426,000 after buying an additional 26,097 shares in the last quarter. Finally, Bank of Montreal Can increased its stake in shares of Gran Tierra Energy by 102.6% in the third quarter. Bank of Montreal Can now owns 714,076 shares of the company’s stock valued at $2,150,000 after buying an additional 361,677 shares in the last quarter.

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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