Scotiabank reaffirmed their buy rating on shares of Gran Tierra Energy Inc (TSE:GTE) (AMEX:GTE) in a research report report published on Tuesday. The brokerage currently has a C$5.50 price objective on the stock.

GTE has been the subject of several other reports. Eight Capital lowered their price objective on shares of Gran Tierra Energy from C$6.50 to C$5.25 in a research report on Wednesday, September 27th. Zacks Investment Research upgraded shares of Gran Tierra Energy from a hold rating to a buy rating and set a C$2.50 price objective for the company in a research report on Tuesday, July 18th. One analyst has rated the stock with a sell rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of C$4.88.

Gran Tierra Energy (GTE) opened at 2.67 on Tuesday. The firm’s market capitalization is $1.05 billion. The stock has a 50 day moving average price of $2.66 and a 200-day moving average price of $3.00. Gran Tierra Energy has a one year low of $2.41 and a one year high of $4.40.

Gran Tierra Energy (TSE:GTE) (AMEX:GTE) last announced its quarterly earnings data on Thursday, August 3rd. The company reported C($0.02) EPS for the quarter, missing the consensus estimate of C$0.04 by C($0.06). Gran Tierra Energy had a negative net margin of 7.08% and a negative return on equity of 2.76%. The firm had revenue of C$96.13 million for the quarter, compared to analyst estimates of C$99.95 million. On average, equities analysts forecast that Gran Tierra Energy will post $0.06 earnings per share for the current year.

WARNING: “Gran Tierra Energy’s (GTE) “Buy” Rating Reaffirmed at Scotiabank” was posted by TheOlympiaReport and is owned by of TheOlympiaReport. If you are reading this piece on another site, it was illegally stolen and republished in violation of international trademark & copyright legislation. The original version of this piece can be viewed at https://theolympiareport.com/2017/10/14/gran-tierra-energys-gte-buy-rating-reaffirmed-at-scotiabank.html.

In other news, Director Brooke N. Wade purchased 242,600 shares of the business’s stock in a transaction on Friday, September 29th. The shares were acquired at an average price of C$2.31 per share, with a total value of C$560,406.00. Following the completion of the transaction, the director now owns 242,600 shares of the company’s stock, valued at approximately C$560,406. Also, insider Gmt Capital Corp purchased 14,200 shares of the business’s stock in a transaction on Tuesday, September 12th. The shares were purchased at an average cost of C$2.06 per share, for a total transaction of C$29,252.00. In the last three months, insiders purchased 338,100 shares of company stock worth $760,048.

Institutional investors and hedge funds have recently modified their holdings of the business. Jane Street Group LLC boosted its position in Gran Tierra Energy by 10.4% during the first quarter. Jane Street Group LLC now owns 40,479 shares of the company’s stock valued at $107,000 after acquiring an additional 3,818 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in Gran Tierra Energy by 85.1% during the first quarter. Tower Research Capital LLC TRC now owns 40,689 shares of the company’s stock valued at $107,000 after acquiring an additional 18,709 shares during the last quarter. BlueCrest Capital Management Ltd bought a new stake in Gran Tierra Energy during the second quarter valued at $114,000. Karp Capital Management Corp bought a new stake in Gran Tierra Energy during the first quarter valued at $182,000. Finally, Aperio Group LLC boosted its position in Gran Tierra Energy by 6.9% during the second quarter. Aperio Group LLC now owns 73,692 shares of the company’s stock valued at $165,000 after acquiring an additional 4,769 shares during the last quarter.

Gran Tierra Energy Company Profile

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.

Analyst Recommendations for Gran Tierra Energy (TSE:GTE)

Receive News & Ratings for Gran Tierra Energy Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gran Tierra Energy Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.