OppenheimerFunds Inc. boosted its stake in Gran Tierra Energy Inc (TSE:GTE) (AMEX:GTE) by 13.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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.
Several other large investors have also recently bought and sold shares of GTE. Mckinley Capital Management LLC Delaware bought a new position in Gran Tierra Energy during the first quarter valued at $135,000. Deltec Asset Management LLC increased its position in Gran Tierra Energy by 17.2% in the first quarter. Deltec Asset Management LLC now owns 68,250 shares of the company’s stock valued at $180,000 after buying an additional 10,000 shares during the period. Karp Capital Management Corp bought a new position in Gran Tierra Energy during the first quarter valued at $182,000. Brandes Investment Partners LP increased its position in Gran Tierra Energy by 16.6% in the first quarter. Brandes Investment Partners LP now owns 72,480 shares of the company’s stock valued at $191,000 after buying an additional 10,320 shares during the period. Finally, Parkwood LLC increased its position in Gran Tierra Energy by 115.7% in the first quarter. Parkwood LLC now owns 81,238 shares of the company’s stock valued at $214,000 after buying an additional 43,567 shares during the period.
Gran Tierra Energy Inc (TSE:GTE) traded down 2.16% during mid-day trading on Monday, reaching $2.72. 799,082 shares of the company’s stock were exchanged. The stock’s market capitalization is $1.07 billion. Gran Tierra Energy Inc has a 1-year low of $2.65 and a 1-year high of $4.40. The firm’s 50-day moving average is $2.86 and its 200 day moving average is $3.24.
Gran Tierra Energy (TSE:GTE) (AMEX:GTE) last posted its quarterly earnings data on Thursday, August 3rd. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by $0.06. The firm had revenue of $96.13 million during the quarter, compared to analyst estimates of $99.95 million. Gran Tierra Energy had a negative net margin of 7.08% and a negative return on equity of 2.76%. Analysts forecast that Gran Tierra Energy Inc will post $0.07 earnings per share for the current fiscal year.
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Several research firms recently weighed in on GTE. Zacks Investment Research downgraded shares of Gran Tierra Energy from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Scotiabank reiterated an “outperform” rating and issued a C$6.00 price objective on shares of Gran Tierra Energy in a report on Thursday, May 4th. Credit Suisse Group set a C$4.00 price objective on shares of Gran Tierra Energy and gave the company a “buy” rating in a report on Thursday, May 4th. Finally, TD Securities reiterated an “action list buy” rating and issued a C$6.50 price objective on shares of Gran Tierra Energy in a report on Friday, May 5th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of C$4.90.
In related news, insider Gmt Capital Corp purchased 12,900 shares of the company’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, with a total value of C$30,315.00. Also, Director David Paul Smith purchased 35,000 shares of the company’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, with a total value of C$72,800.00. In the last three months, insiders bought 64,000 shares of company stock valued at $143,689.
Gran Tierra Energy Company Profile
Gran Tierra Energy Inc, an independent energy company, engages in the acquisition, exploration, development, and production of oil and gas properties in Colombia, Peru, and Brazil. As of December 31, 2016, the company had total proved undeveloped reserves of 14.9 million barrels of oil equivalent (MMBOE), including 10.4 MMBOE in Colombia and 4.5 MMBOE in Brazil.
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