Gran Tierra Energy (GTE) Given a C$5.75 Price Target at Scotiabank

Marco Green
March 13, 2018

The institutional investor held 88,580 shares of the major pharmaceuticals company at the end of 2017Q3, valued at $12.92 million, up from 80,971 at the end of the previous reported quarter.

Gran Tierra Energy declared that its board has initiated a stock buyback plan on Wednesday, March 7th that allows the company to buyback 500% of shares. The stock increased 0.78% or $0.18 during the last trading session, reaching $23.14. About 5.73M shares traded or 57.38% up from the average. NiSource Inc. (NYSE:NI) has risen 5.02% since March 12, 2017 and is uptrending.

Concourse Capital Management Llc increased its stake in Gran Tierra Energy Inc (GTE) by 28.73% based on its latest 2017Q3 regulatory filing with the SEC.

Robinson Capital Management Llc holds 3.16% of its portfolio in Eaton Vance National Municipal Opportunities Trust for 543,814 shares. The hedge fund run by Thomas E. Claugus held 51.03M shares of the oil & gas production company at the end of 2017Q3, valued at $115.48 million, up from 48.84 million at the end of the previous reported quarter. Amber Capital Management Lp who had been investing in Gran Tierra Energy Inc for a number of months, seems to be less bullish one the $1.01B market cap company. Narrowing in a bit closer, the 5 month price index is 0.57621, the 3 month is 0.83053, and the 1 month is now 1.16246. About 906,226 shares traded. Zurcher Kantonalbank Zurich Cantonalbank acquired 197,800 shares as Gran Tierra Energy Inc (GTE)'s stock declined 6.20%. (TSE:GTE) on Thursday, March 2 with "Buy" rating. It has underperformed by 11.68% the S&P500.

Investors sentiment increased to 1.35 in 2017 Q3. Its down 0.17, from 1.34 in 2017Q2. It improved, as 56 investors sold C shares while 400 reduced holdings. 125 funds opened positions while 492 raised stakes. Panagora Asset Mngmt owns 1.76 million shares. The Maryland-based Edgemoor Inv Advisors Inc has invested 1.22% in BlackRock, Inc. The Volatility 3m is a similar percentage determined by the daily log normal returns and standard deviation of the share price over 3 months. (NYSE:C) for 52,237 shares. Comerica Retail Bank holds 49,902 shares. United Asset Strategies accumulated 15,205 shares. Tesaro, Inc. The ERP5 Rank may assist investors with spotting companies that are undervalued. Cambridge Investment Research reported 0.09% in BlackRock, Inc. Lmr Ptnrs Llp invested in 0.08% or 1,556 shares. Sivik Glob Ltd Liability Com reported 55,000 shares or 2.73% of all its holdings. Investors have to decide how much risk is acceptable and plan accordingly. (NYSE:C) to report earnings on April, 12. BLK's profit will be $1.05 billion for 22.08 P/E if the $6.47 EPS becomes a reality.

Among 40 analysts covering Citigroup Inc. ValuEngine lowered Gran Tierra Energy from a "hold" rating to a "sell" rating in a report on Thursday, November 9th. Celgene Corporation had 138 analyst reports since July 21, 2015 according to SRatingsIntel. As per Tuesday, August 25, the company rating was upgraded by Zacks. TheStreet upgraded Gran Tierra Energy from a "d+" rating to a "c" rating in a research note on Tuesday, January 2nd. As per Wednesday, October 18, the company rating was maintained by KeyBanc Capital Markets.

Shares of Gran Tierra Energy (TSE:GTE) opened at C$3.24 on Friday. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. The firm has "Equal-Weight" rating given on Friday, March 18 by Barclays Capital. (NYSE:C) earned "Buy" rating by Renaissance Macro Securities LLC on Sunday, July 16. A reading between 0 and -20 would point to an overbought situation. 9,250 shares valued at $1.31M were sold by KAPLAN GILLA on Tuesday, September 12. Shares for $263,126 were sold by MURRAY JOSEPH MICHAEL. Therefore 60% are positive.

7,880 shares of Gran Tierra Energy Inc, based on the stock price per share of $2.5 of a share. The company was maintained on Friday, January 29 by RBC Capital Markets. Citigroup downgraded the stock to "Neutral" rating in Monday, December 14 report. Finally, GMT Capital Corp boosted its stake in Gran Tierra Energy by 4.5% in the 3rd quarter. (NYSEAMERICAN:GTE) rating on Monday, June 20. The rating was upgraded by Goldman Sachs on Friday, September 11 to "Neutral". First Foundation Advisors owns 63,504 shares or 0.08% of their U.S. portfolio. He also directly has rights to 51200 shares.

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