Gran Tierra Energy Inc (TSE:GTE) (AMEX:GTE) posted its quarterly earnings data on Thursday. The company reported C$0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.05 by C($0.04), Briefing.com reports. 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 C$103.77 million for the quarter, compared to analysts’ expectations of C$110.60 million. During the same quarter in the previous year, the firm earned ($0.71) EPS. Gran Tierra Energy’s revenue was up 51.4% compared to the same quarter last year.

A number of equities analysts recently issued reports on the company. Eight Capital dropped their price objective on Gran Tierra Energy from C$6.50 to C$5.25 in a report on Wednesday, September 27th. Scotiabank restated a “buy” rating and set a C$5.50 price objective on shares of Gran Tierra Energy in a report on Tuesday, October 10th. Finally, Zacks Investment Research upgraded Gran Tierra Energy from a “hold” rating to a “buy” rating and set a C$2.50 price objective for the company in a report on Tuesday, July 18th. One analyst has rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of C$4.88.

In other news, insider Gmt Capital Corp acquired 14,200 shares of the company’s stock in a transaction dated Tuesday, September 12th. The stock was acquired at an average cost of C$2.06 per share, with a total value of C$29,252.00. Also, Director Brooke N. Wade acquired 242,600 shares of the company’s stock in a transaction dated Friday, September 29th. The stock was purchased at an average cost of C$2.31 per share, with a total value of C$560,406.00. Following the completion of the purchase, the director now directly owns 242,600 shares of the company’s stock, valued at approximately C$560,406. The disclosure for this purchase can be found here. Insiders bought 338,100 shares of company stock valued at $760,048 over the last ninety days.

A hedge fund recently raised its stake in Gran Tierra Energy stock. State Street Corp grew its position in Gran Tierra Energy Inc (TSE:GTE) (AMEX:GTE) by 2.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 374,942 shares of the company’s stock after buying an additional 8,119 shares during the quarter. State Street Corp owned 0.09% of Gran Tierra Energy worth $840,000 as of its most recent filing with the Securities and Exchange Commission.

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About Gran Tierra Energy

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.

Earnings History for Gran Tierra Energy (TSE:GTE)

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