Vident Investment Advisory LLC purchased a new position in shares of Gran Tierra Energy Inc (NYSEAMERICAN:GTE) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 184,859 shares of the company’s stock, valued at approximately $638,000.
Other institutional investors also recently added to or reduced their stakes in the company. UBS Group AG grew its holdings in Gran Tierra Energy by 383.3% in the first quarter. UBS Group AG now owns 61,479 shares of the company’s stock valued at $172,000 after purchasing an additional 48,759 shares during the last quarter. Rational Advisors LLC acquired a new stake in shares of Gran Tierra Energy during the second quarter valued at $193,000. AMP Capital Investors Ltd acquired a new stake in shares of Gran Tierra Energy during the second quarter valued at $234,000. Aperio Group LLC boosted its stake in shares of Gran Tierra Energy by 27.1% during the second quarter. Aperio Group LLC now owns 75,986 shares of the company’s stock valued at $262,000 after acquiring an additional 16,186 shares during the last quarter. Finally, A.R.T. Advisors LLC boosted its stake in shares of Gran Tierra Energy by 72.8% during the first quarter. A.R.T. Advisors LLC now owns 162,292 shares of the company’s stock valued at $452,000 after acquiring an additional 68,400 shares during the last quarter.
A number of analysts have issued reports on the company. Zacks Investment Research raised Gran Tierra Energy from a “hold” rating to a “buy” rating and set a $3.50 price target on the stock in a research note on Monday, August 20th. BMO Capital Markets initiated coverage on Gran Tierra Energy in a research note on Friday, July 20th. They issued an “outperform” rating and a $5.50 price target on the stock. Two equities research analysts have rated the stock with a sell rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $4.50.
Shares of NYSEAMERICAN:GTE traded up $0.07 during mid-day trading on Friday, hitting $3.48. 1,156,457 shares of the company traded hands, compared to its average volume of 1,540,834. Gran Tierra Energy Inc has a 52-week low of $1.98 and a 52-week high of $3.96.
Gran Tierra Energy (NYSEAMERICAN:GTE) last announced its earnings results on Thursday, August 2nd. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.04). The company had revenue of $163.45 million for the quarter, compared to analysts’ expectations of $155.78 million. Gran Tierra Energy had a net margin of 3.02% and a return on equity of 1.28%. The business’s quarterly revenue was up 70.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.02) earnings per share.
In other Gran Tierra Energy news, Director David P. Smith acquired 77,500 shares of the stock in a transaction on Friday, August 10th. The stock was purchased at an average price of $3.39 per share, for a total transaction of $262,725.00. Following the purchase, the director now directly owns 142,500 shares in the company, valued at $483,075. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Gran Tierra Energy Company Profile
Gran Tierra Energy Inc, together with its subsidiaries, engages in the exploration and production of oil and gas properties in Colombia. As of December 31, 2017, the company had total proved undeveloped reserves of 19.6 million barrels of oil equivalent. Gran Tierra Energy Inc was incorporated in 2003 and is headquartered in Calgary, Canada.
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