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Gran Tierra Energy Inc (NYSEAMERICAN:GTE) Major Shareholder Purchases $144,531.00 in Stock

Gran Tierra Energy Inc (NYSEAMERICAN:GTE) major shareholder Gmt Capital Corp purchased 143,100 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was bought at an average price of $1.01 per share, for a total transaction of $144,531.00. Following the acquisition, the insider now owns 80,117,586 shares of the company’s stock, valued at $80,918,761.86. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Gmt Capital Corp also recently made the following trade(s):

  • On Friday, November 8th, Gmt Capital Corp purchased 287,709 shares of Gran Tierra Energy stock. The stock was bought at an average price of $1.05 per share, for a total transaction of $302,094.45.
  • On Wednesday, November 6th, Gmt Capital Corp purchased 753,491 shares of Gran Tierra Energy stock. The stock was bought at an average price of $1.30 per share, for a total transaction of $979,538.30.
  • On Wednesday, October 23rd, Gmt Capital Corp purchased 419,700 shares of Gran Tierra Energy stock. The stock was bought at an average price of $1.14 per share, for a total transaction of $478,458.00.
  • On Thursday, August 29th, Gmt Capital Corp purchased 440,800 shares of Gran Tierra Energy stock. The stock was bought at an average price of $1.34 per share, for a total transaction of $590,672.00.

Gran Tierra Energy stock remained flat at $$1.02 on Monday. The company’s stock had a trading volume of 278,191 shares, compared to its average volume of 1,965,879. Gran Tierra Energy Inc has a fifty-two week low of $0.92 and a fifty-two week high of $2.85.

Gran Tierra Energy (NYSEAMERICAN:GTE) last announced its quarterly earnings data on Tuesday, November 5th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.07). The business had revenue of $132.49 million during the quarter.

A number of institutional investors have recently made changes to their positions in GTE. Luminus Management LLC raised its position in shares of Gran Tierra Energy by 19.2% in the 2nd quarter. Luminus Management LLC now owns 27,815,359 shares of the company’s stock worth $43,996,000 after purchasing an additional 4,486,398 shares during the last quarter. Invesco Ltd. raised its holdings in Gran Tierra Energy by 2.0% during the 2nd quarter. Invesco Ltd. now owns 13,477,993 shares of the company’s stock valued at $21,429,000 after buying an additional 258,800 shares during the period. Vanguard Group Inc. raised its holdings in Gran Tierra Energy by 3.9% during the 2nd quarter. Vanguard Group Inc. now owns 11,959,930 shares of the company’s stock valued at $19,017,000 after buying an additional 453,966 shares during the period. Renaissance Technologies LLC raised its holdings in Gran Tierra Energy by 11.8% during the 2nd quarter. Renaissance Technologies LLC now owns 5,456,161 shares of the company’s stock valued at $8,675,000 after buying an additional 575,161 shares during the period. Finally, Schroder Investment Management Group raised its holdings in Gran Tierra Energy by 74.7% during the 2nd quarter. Schroder Investment Management Group now owns 5,422,713 shares of the company’s stock valued at $11,117,000 after buying an additional 2,318,336 shares during the period.

Several research firms recently weighed in on GTE. National Bank Financial began coverage on shares of Gran Tierra Energy in a report on Friday, October 11th. They issued a “sector perform” rating on the stock. Citigroup cut their price target on shares of Gran Tierra Energy from $2.50 to $2.20 and set a “buy” rating on the stock in a report on Thursday. Canaccord Genuity set a $4.00 price objective on Gran Tierra Energy and gave the company a “buy” rating in a research report on Friday, August 30th. TheStreet lowered Gran Tierra Energy from a “c” rating to a “d” rating in a research report on Wednesday, November 6th. Finally, Zacks Investment Research lowered Gran Tierra Energy from a “buy” rating to a “hold” rating in a research report on Friday, October 25th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Gran Tierra Energy presently has an average rating of “Buy” and an average price target of $3.24.

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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Insider Buying and Selling by Quarter for Gran Tierra Energy (NYSEAMERICAN:GTE)

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