Gran Tierra Energy Inc. (TSE:GTE) (AMEX:GTE) VP Rodger Derrick Trimble purchased 12,500 shares of Gran Tierra Energy stock in a transaction on Tuesday, November 29th. The stock was bought at an average cost of C$3.00 per share, with a total value of C$37,500.00. Following the transaction, the vice president now directly owns 37,500 shares of the company’s stock, valued at C$112,500.

Shares of Gran Tierra Energy Inc. (TSE:GTE) opened at 3.49 on Wednesday. Gran Tierra Energy Inc. has a 52-week low of $2.56 and a 52-week high of $4.44. The company’s market capitalization is $1.24 billion. The company’s 50-day moving average price is $4.01 and its 200-day moving average price is $3.88.

COPYRIGHT VIOLATION WARNING: This news story was first reported by Daily Political and is the sole property of of Daily Political. If you are viewing this news story on another publication, it was illegally copied and republished in violation of U.S. & international trademark & copyright laws. The legal version of this news story can be accessed at http://www.dailypolitical.com/2016/11/30/gran-tierra-energy-inc-gte-vp-rodger-derrick-trimble-acquires-12500-shares-of-stock.html.

A number of analysts have weighed in on GTE shares. Citigroup Inc. raised Gran Tierra Energy from a “neutral” rating to a “buy” rating in a research report on Friday, November 4th. Scotiabank reaffirmed an “outperform” rating and issued a C$5.25 price target on shares of Gran Tierra Energy in a research report on Wednesday, August 24th. Paradigm Capital boosted their price objective on Gran Tierra Energy from C$4.75 to C$5.00 and gave the stock a “buy” rating in a research report on Tuesday, August 9th. TD Securities reissued a “buy” rating and set a C$5.50 price objective on shares of Gran Tierra Energy in a research report on Thursday, September 15th. Finally, Canaccord Genuity reissued a “buy” rating on shares of Gran Tierra Energy in a research report on Wednesday, September 14th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of C$6.62.

Institutional investors have recently bought and sold shares of the company. Roanoke Asset Management Corp NY bought a new stake in shares of Gran Tierra Energy during the second quarter valued at about $101,000. Capstone Investment Advisors LLC increased its stake in shares of Gran Tierra Energy by 8.5% in the second quarter. Capstone Investment Advisors LLC now owns 36,251 shares of the company’s stock valued at $122,000 after buying an additional 2,851 shares during the period. Hsbc Holdings PLC increased its stake in shares of Gran Tierra Energy by 10.6% in the second quarter. Hsbc Holdings PLC now owns 41,489 shares of the company’s stock valued at $140,000 after buying an additional 3,971 shares during the period. Teacher Retirement System of Texas increased its stake in shares of Gran Tierra Energy by 20.3% in the second quarter. Teacher Retirement System of Texas now owns 41,554 shares of the company’s stock valued at $140,000 after buying an additional 7,023 shares during the period. Finally, Virginia Retirement Systems ET AL bought a new stake in shares of Gran Tierra Energy during the second quarter valued at about $155,000.

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.

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 MarketBeat.com's FREE daily email newsletter.