OppenheimerFunds Inc. raised its position in shares of Gran Tierra Energy Inc (TSE:GTE) (AMEX:GTE) by 13.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 148,940 shares of the company’s stock after buying an additional 17,765 shares during the period. OppenheimerFunds Inc.’s holdings in Gran Tierra Energy were worth $393,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also made changes to their positions in GTE. Deltec Asset Management LLC boosted its position in shares of Gran Tierra Energy by 17.2% in the first 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 in the last quarter. Brandes Investment Partners LP boosted its position in shares of Gran Tierra Energy by 16.6% in the first quarter. Brandes Investment Partners LP now owns 72,480 shares of the company’s stock worth $191,000 after buying an additional 10,320 shares in the last quarter. Highbridge Capital Management LLC boosted its position in shares of Gran Tierra Energy by 5.6% in the fourth quarter. Highbridge Capital Management LLC now owns 330,997 shares of the company’s stock worth $1,000,000 after buying an additional 17,443 shares in the last quarter. Virginia Retirement Systems ET AL boosted its position in shares of Gran Tierra Energy by 14.0% in the first quarter. Virginia Retirement Systems ET AL now owns 215,131 shares of the company’s stock worth $568,000 after buying an additional 26,431 shares in the last quarter. Finally, Ingalls & Snyder LLC boosted its position in shares of Gran Tierra Energy by 0.4% in the first quarter. Ingalls & Snyder LLC now owns 10,765,803 shares of the company’s stock worth $28,422,000 after buying an additional 38,800 shares in the last quarter.
Shares of Gran Tierra Energy Inc (TSE:GTE) opened at 2.98 on Thursday. The stock’s market cap is $1.19 billion. The firm has a 50 day moving average price of $2.92 and a 200 day moving average price of $3.33. Gran Tierra Energy Inc has a 12-month low of $2.65 and a 12-month high of $4.40.
Gran Tierra Energy (TSE:GTE) (AMEX:GTE) last announced its quarterly earnings data on Wednesday, May 3rd. The company reported $0.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.51) by $0.54. Gran Tierra Energy had a return on equity of 5.52% and a net margin of 13.43%. The business had revenue of $94.66 million for the quarter, compared to the consensus estimate of $101.70 million. On average, equities analysts expect that Gran Tierra Energy Inc will post $0.13 EPS for the current year.
A number of research analysts have recently commented on the company. Zacks Investment Research raised Gran Tierra Energy from a “hold” rating to a “buy” rating and set a C$2.50 price target on the stock in a research report on Tuesday. Credit Suisse Group set a C$4.00 price target on Gran Tierra Energy and gave the company a “buy” rating in a research report on Thursday, May 4th. TD Securities reaffirmed an “action list buy” rating and set a C$6.50 price target on shares of Gran Tierra Energy in a research report on Friday, May 5th. Finally, Scotiabank reaffirmed an “outperform” rating and set a C$6.00 price target on shares of Gran Tierra Energy in a research report on Friday, March 24th. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of C$4.91.
In other news, Director David Paul Smith bought 35,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 21st. The shares were bought at an average cost of C$2.08 per share, for a total transaction of C$72,800.00. Also, insider Gmt Capital Corp bought 12,900 shares of the firm’s stock in a transaction that occurred on Tuesday, May 30th. The stock was purchased at an average price of C$2.35 per share, for a total transaction of C$30,315.00. Insiders purchased 439,150 shares of company stock worth $1,068,370 over the last quarter.
About Gran Tierra Energy
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.
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