Gran Tierra Energy Inc (GTE) Announces Earnings Results

Marco Green
June 6, 2017

Following the completion of the purchase, the chief financial officer now directly owns 236,030 shares in the company, valued at approximately C$561,751.40. The shares were acquired at an average price of C$2.55 per share, for a total transaction of C$393,210.00. Shore Capital maintained the shares of SHAW in report on Thursday, March 3 with "Buy" rating. "Similarly, the company's CFO Ellson Ryan on 2017-05-05 Buy 16000 shares of the company at a price of $2.38". It turned negative, as 1 investors sold OXFD shares while 23 reduced holdings. Gran Tierra Energy had 9 analyst reports since September 9, 2015 according to SRatingsIntel. (GTE) stock price ended its day with gain 2.15% and finalized at the value of $2.38. The stock was purchased at an average price of C$2.31 per share, for a total transaction of C$158,928.00.

On Monday, May 1st, Gmt Capital Corp bought 3,600 shares of Gran Tierra Energy stock. Zacks Investment Research downgraded Gran Tierra Energy from a "strong-buy" rating to a "hold" rating in a report on Monday, May 15th. Gran Tierra Energy Inc has a 52 week low of $3.09 and a 52 week high of $4.44. The company has market cap of $1.73 billion.

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Gran Tierra Energy (TSE:GTE) last announced its earnings results on Wednesday, May 3rd. To make a proper assessment, investors seek a sound estimate of this year's and next year's earnings per share (EPS), as well as a strong sense of how much the company will earn even farther down the road. The company had revenue of $94.66 million during the quarter, compared to analyst estimates of $101.70 million. It now has negative earnings.

TRADEMARK VIOLATION NOTICE: This piece was first posted by Markets Daily and is the sole property of of Markets Daily. If you are reading this news story on another website, it was stolen and republished in violation of US and worldwide trademark and copyright legislation. The correct version of this article can be accessed at https://www.thecerbatgem.com/2017/06/04/insider-buying-gran-tierra-energy-inc-gte-insider-buys-6700-shares-of-stock-updated-updated.html. Ingalls & Snyder LLC increased its stake in Gran Tierra Energy by 0.4% in the first quarter. Kelly Lawrence W & Associates Inc sold 8,025 shares as Pepsico Inc (PEP)'s stock rose 5.12%. Russell Investments Group Ltd. purchased a new stake in Gran Tierra Energy during the fourth quarter worth $2,747,000. Jane Street Group LLC now owns 40,479 shares of the company's stock valued at $107,000 after buying an additional 3,818 shares in the last quarter. Amber Capital Management LP increased its stake in Gran Tierra Energy by 7.0% in the fourth quarter. Deltec Asset Management LLC now owns 68,250 shares of the company's stock worth $180,000 after buying an additional 10,000 shares during the period. KCG Holdings Inc. boosted its stake in Gran Tierra Energy by 30.0% in the first quarter. Public Sector Pension Investment Board now owns 15,115,070 shares of the company's stock valued at $45,761,000 after buying an additional 205,300 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its stake in Gran Tierra Energy by 176.8% in the third quarter. WFG Advisors LP now owns 2,589 shares of the company's stock worth $150,000 after buying an additional 664 shares during the period.

Several other research analysts also recently commented on the company. Goldman Sachs upgraded Gran Tierra Energy Inc (NYSEMKT:GTE) on Friday, September 11 to "Neutral" rating. The rating was maintained by RBC Capital Markets on Friday, January 29 with "Outperform". Finally, Cormark started coverage on shares of Gran Tierra Energy in a research report on Monday, March 20th. The rating was upgraded by Citigroup to "Buy" on Friday, November 4. Gran Tierra Energy Inc (NYSEMKT:GTE) has declined 7.89% since June 1, 2016 and is downtrending. As per Friday, February 10, the company rating was upgraded by Credit Suisse. CIBC upgraded Gran Tierra Energy from a "neutral" rating to an "outperform" rating in a research note on Monday, February 13th. Canaccord Genuity reiterated a "buy" rating and set a C$5.30 price objective on shares of Gran Tierra Energy in a research note on Thursday, March 2nd.

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.

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