K.J. Harrison & Partners Inc cut its position in shares of Gran Tierra Energy Inc. (TSE:GTE) by 61.9% during the second quarter, Holdings Channel reports. The institutional investor owned 419,300 shares of the company’s stock after selling 680,000 shares during the period. K.J. Harrison & Partners Inc owned about 0.14% of Gran Tierra Energy worth $1,417,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. UBS Asset Management Americas Inc. raised its stake in Gran Tierra Energy by 0.3% in the first quarter. UBS Asset Management Americas Inc. now owns 170,790 shares of the company’s stock valued at $422,000 after buying an additional 437 shares during the period. CIBC World Markets Inc. raised its stake in Gran Tierra Energy by 3.7% in the first quarter. CIBC World Markets Inc. now owns 57,321 shares of the company’s stock valued at $142,000 after buying an additional 2,033 shares during the period. BlackRock Fund Advisors raised its stake in Gran Tierra Energy by 12.0% in the first quarter. BlackRock Fund Advisors now owns 70,380 shares of the company’s stock valued at $174,000 after buying an additional 7,513 shares during the period. Goldman Sachs Group Inc. raised its stake in Gran Tierra Energy by 46.3% in the first quarter. Goldman Sachs Group Inc. now owns 104,206 shares of the company’s stock valued at $257,000 after buying an additional 32,977 shares during the period. Finally, Royal Bank of Canada raised its stake in Gran Tierra Energy by 21.5% in the first quarter. Royal Bank of Canada now owns 718,840 shares of the company’s stock valued at $1,776,000 after buying an additional 127,204 shares during the period.

Gran Tierra Energy Inc. (TSE:GTE) traded up 3.95% on Wednesday, hitting $3.68. The stock had a trading volume of 495,789 shares. Gran Tierra Energy Inc. has a 1-year low of $2.56 and a 1-year high of $4.44. The company’s market cap is $1.10 billion. The stock has a 50 day moving average price of $3.73 and a 200 day moving average price of $3.71.

Gran Tierra Energy (TSE:GTE) last released its earnings results on Monday, August 8th. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by $0.17. During the same quarter in the prior year, the company earned ($0.13) earnings per share. On average, equities research analysts expect that Gran Tierra Energy Inc. will post ($0.40) EPS for the current fiscal year.

Several analysts recently weighed in on the company. Royal Bank Of Canada upgraded Gran Tierra Energy from an “outperform” rating to a “top pick” rating and upped their price objective for the stock from C$4.75 to C$6.00 in a research report on Monday, June 20th. Zacks Investment Research upgraded Gran Tierra Energy from a “sell” rating to a “hold” rating in a research report on Thursday, June 9th. Dundee Securities increased their target price on Gran Tierra Energy from C$4.80 to C$6.00 and gave the company a “buy” rating in a research report on Monday, June 13th. Scotiabank reiterated an “outperform” rating and issued a C$4.50 target price on shares of Gran Tierra Energy in a research report on Tuesday, June 14th. Finally, TD Securities reiterated a “buy” rating and issued a C$5.00 target price on shares of Gran Tierra Energy in a research report on Tuesday, June 14th. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Gran Tierra Energy currently has an average rating of “Buy” and a consensus price target of C$6.57.

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.

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