Gran Tierra Energy Inc (TSE:GTE) (AMEX:GTE) traded down 3.7% during mid-day trading on Friday . The stock traded as low as C$2.60 and last traded at C$2.63. 351,684 shares changed hands during trading, a decline of 30% from the average session volume of 504,467 shares. The stock had previously closed at C$2.73.

Separately, Zacks Investment Research cut shares of Gran Tierra Energy from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. One investment analyst has rated the stock with a sell rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. Gran Tierra Energy currently has a consensus rating of “Buy” and a consensus target price of C$4.90.

The firm’s 50-day moving average is $2.68 and its 200 day moving average is $3.09. The stock’s market cap is $1.05 billion.

Gran Tierra Energy (TSE:GTE) (AMEX:GTE) last issued its quarterly earnings results on Thursday, August 3rd. The company reported C($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.04 by C($0.06). Gran Tierra Energy had a negative return on equity of 2.76% and a negative net margin of 7.08%. The business had revenue of C$96.13 million during the quarter, compared to analyst estimates of C$99.95 million. Equities analysts expect that Gran Tierra Energy Inc will post $0.07 earnings per share for the current year.

In other Gran Tierra Energy news, insider Gmt Capital Corp purchased 14,200 shares of the firm’s stock in a transaction on Tuesday, September 12th. The shares were purchased at an average cost of C$2.06 per share, with a total value of C$29,252.00. Also, Director David Paul Smith purchased 35,000 shares of the firm’s stock in a transaction on Wednesday, June 21st. The stock was acquired at an average cost of C$2.08 per share, for a total transaction of C$72,800.00. Over the last three months, insiders acquired 130,500 shares of company stock worth $272,442.

Large investors have recently modified their holdings of the business. Brandes Investment Partners LP boosted its stake in Gran Tierra Energy by 16.6% in the 1st 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 during the last quarter. KCG Holdings Inc. boosted its stake in Gran Tierra Energy by 30.0% in the 1st quarter. KCG Holdings Inc. now owns 111,290 shares of the company’s stock worth $294,000 after buying an additional 25,714 shares during the last quarter. Virginia Retirement Systems ET AL boosted its stake in Gran Tierra Energy by 14.0% in the 1st 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 during the last quarter. OppenheimerFunds Inc. boosted its stake in Gran Tierra Energy by 13.5% in the 1st quarter. OppenheimerFunds Inc. now owns 148,940 shares of the company’s stock worth $393,000 after buying an additional 17,765 shares during the last quarter. Finally, MARSHALL WACE ASIA Ltd acquired a new stake in Gran Tierra Energy in the 1st quarter worth about $6,936,000.

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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.

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