Gran Tierra Energy Inc (TSE:GTE) (AMEX:GTE) issued its earnings results on Thursday. The company reported ($0.02) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by $0.06, MarketWatch Earnings reports. Gran Tierra Energy had a return on equity of 5.52% and a net margin of 13.43%. The business had revenue of $96.13 million for the quarter, compared to the consensus estimate of $99.95 million.

Shares of Gran Tierra Energy (TSE GTE) traded up 2.49% during trading on Friday, reaching $2.88. The company’s stock had a trading volume of 287,901 shares. The stock’s market cap is $1.15 billion. The stock has a 50-day moving average of $2.87 and a 200-day moving average of $3.27. Gran Tierra Energy has a 52-week low of $2.65 and a 52-week high of $4.40.

In related news, insider Gmt Capital Corp purchased 154,200 shares of the business’s stock in a transaction dated Monday, May 15th. The stock was purchased at an average cost of C$2.55 per share, with a total value of C$393,210.00. Also, Director David Paul Smith purchased 35,000 shares of the business’s stock in a transaction dated Wednesday, June 21st. The stock was bought at an average cost of C$2.08 per share, with a total value of C$72,800.00. Over the last three months, insiders have acquired 254,400 shares of company stock valued at $627,582.

GTE has been the subject of several research reports. Scotiabank reissued an “outperform” rating and set a C$6.00 price target on shares of Gran Tierra Energy in a report on Thursday, May 4th. Zacks Investment Research cut Gran Tierra Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, May 15th. TD Securities reissued an “action list buy” rating and set a C$6.50 price target on shares of Gran Tierra Energy in a report on Friday, May 5th. Finally, Credit Suisse Group set a C$4.00 price target on Gran Tierra Energy and gave the stock a “buy” rating in a report on Thursday, May 4th. Two analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of C$4.91.

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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.

Earnings History for Gran Tierra Energy (TSE:GTE)

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