Gran Tierra Energy Inc (NYSEAMERICAN:GTE) VP Lawrence West acquired 35,000 shares of Gran Tierra Energy stock in a transaction on Friday, November 8th. The shares were purchased at an average price of $1.11 per share, for a total transaction of $38,850.00. Following the completion of the acquisition, the vice president now directly owns 292,030 shares in the company, valued at $324,153.30. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of NYSEAMERICAN:GTE traded down $0.02 on Friday, reaching $1.05. The company had a trading volume of 1,388,300 shares, compared to its average volume of 1,960,908. Gran Tierra Energy Inc has a 52-week low of $0.97 and a 52-week high of $2.97.

Gran Tierra Energy (NYSEAMERICAN:GTE) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.02. The company had revenue of $157.99 million during the quarter.

Several research analysts have commented on the company. Scotiabank downgraded Gran Tierra Energy from an “outperform” rating to a “sector perform” rating in a report on Wednesday. Zacks Investment Research downgraded Gran Tierra Energy from a “buy” rating to a “hold” rating in a report on Friday, October 25th. TheStreet downgraded Gran Tierra Energy from a “c” rating to a “d” rating in a report on Wednesday. Canaccord Genuity set a $4.00 price target on Gran Tierra Energy and gave the company a “buy” rating in a report on Friday, August 30th. Finally, National Bank Financial initiated coverage on Gran Tierra Energy in a report on Friday, October 11th. They issued a “sector perform” rating on the stock. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Gran Tierra Energy presently has an average rating of “Buy” and a consensus price target of $3.58.

Large investors have recently made changes to their positions in the company. Cornerstone Investment Partners LLC boosted its position in shares of Gran Tierra Energy by 91.2% in the 3rd quarter. Cornerstone Investment Partners LLC now owns 24,855 shares of the company’s stock worth $31,000 after purchasing an additional 11,855 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of Gran Tierra Energy by 237.1% in the 2nd quarter. Wells Fargo & Company MN now owns 23,115 shares of the company’s stock worth $37,000 after purchasing an additional 16,257 shares in the last quarter. A.R.T. Advisors LLC boosted its position in shares of Gran Tierra Energy by 43.3% in the 2nd quarter. A.R.T. Advisors LLC now owns 37,406 shares of the company’s stock worth $59,000 after purchasing an additional 11,300 shares in the last quarter. Mackenzie Financial Corp boosted its position in shares of Gran Tierra Energy by 17.8% in the 2nd quarter. Mackenzie Financial Corp now owns 56,300 shares of the company’s stock worth $90,000 after purchasing an additional 8,500 shares in the last quarter. Finally, RWC Asset Management LLP acquired a new stake in shares of Gran Tierra Energy in the 2nd quarter worth $109,000.

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, 2018, the company had total proved undeveloped reserves of 17.3 million barrels of oil equivalent. Gran Tierra Energy Inc was incorporated in 2003 and is headquartered in Calgary, Canada.

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