Gran Tierra Energy Inc (GTE) Position Decreased by Renaissance Technologies LLC
Renaissance Technologies LLC cut its stake in shares of Gran Tierra Energy Inc (TSE:GTE) (AMEX:GTE) by 20.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,141,600 shares of the company’s stock after selling 1,299,500 shares during the period. Renaissance Technologies LLC’s holdings in Gran Tierra Energy were worth $13,574,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Brandes Investment Partners LP raised its stake 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. Virginia Retirement Systems ET AL raised its stake 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. Russell Investments Group Ltd. purchased a new stake in shares of Gran Tierra Energy during the fourth quarter worth $2,747,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Gran Tierra Energy by 1,055.6% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 126,223 shares of the company’s stock worth $333,000 after buying an additional 115,300 shares in the last quarter. Finally, Partners Value Investments LP purchased a new stake in shares of Gran Tierra Energy during the first quarter worth $4,472,000.
Gran Tierra Energy Inc (TSE GTE) opened at 2.83 on Friday. The firm’s 50-day moving average price is $3.12 and its 200 day moving average price is $3.43. The firm’s market capitalization is $1.13 billion. Gran Tierra Energy Inc has a one year low of $2.65 and a one year high of $4.40.
Gran Tierra Energy (TSE:GTE) (AMEX:GTE) last issued its quarterly earnings data on Wednesday, May 3rd. The company reported $0.03 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.51) by $0.54. Gran Tierra Energy had a net margin of 13.43% and a return on equity of 5.52%. The business had revenue of $94.66 million during the quarter, compared to analyst estimates of $101.70 million. On average, equities analysts anticipate that Gran Tierra Energy Inc will post $0.13 earnings per share for the current fiscal year.
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GTE has been the topic of a number of research reports. Scotiabank restated an “outperform” rating and set a C$6.00 price objective on shares of Gran Tierra Energy in a research report on Thursday, May 4th. Zacks Investment Research lowered Gran Tierra Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 15th. Cormark initiated coverage on Gran Tierra Energy in a research report on Monday, March 20th. They set a “buy” rating on the stock. TD Securities restated an “action list buy” rating and set a C$6.50 price objective on shares of Gran Tierra Energy in a research report on Friday, May 5th. Finally, Credit Suisse Group set a C$4.00 price objective on Gran Tierra Energy and gave the stock a “buy” rating in a research report on Thursday, May 4th. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. Gran Tierra Energy presently has a consensus rating of “Buy” and an average price target of C$4.91.
In other Gran Tierra Energy news, insider Gmt Capital Corp bought 154,200 shares of the stock in a transaction dated Monday, May 15th. The stock was purchased at an average cost of C$2.55 per share, for a total transaction of C$393,210.00. Also, Director David Paul Smith bought 35,000 shares of the stock in a transaction dated Wednesday, June 21st. The shares were acquired at an average price of C$2.08 per share, with a total value of C$72,800.00. Insiders have bought 439,150 shares of company stock valued at $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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