Gran Tierra Energy Inc (TSE:GTE) (NYSEMKT:GTE) – Stock analysts at Cormark dropped their Q4 2017 earnings per share (EPS) estimates for Gran Tierra Energy in a research report issued to clients and investors on Thursday. Cormark analyst G. Ursu now forecasts that the company will earn $0.09 per share for the quarter, down from their prior forecast of $0.09.

GTE has been the subject of several other reports. Scotiabank reiterated an “outperform” rating and issued a C$5.50 target price on shares of Gran Tierra Energy in a report on Wednesday, November 29th. Zacks Investment Research cut Gran Tierra Energy from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 18th. CIBC upped their target price on Gran Tierra Energy from C$3.00 to C$3.50 in a report on Tuesday, January 23rd. Finally, Eight Capital upped their target price on Gran Tierra Energy from C$5.50 to C$6.25 in a report on Tuesday. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of C$4.83.

Shares of Gran Tierra Energy (GTE) opened at C$3.39 on Monday. Gran Tierra Energy has a 1-year low of C$2.41 and a 1-year high of C$3.75. The firm has a market capitalization of $1,330.00, a price-to-earnings ratio of -8.48 and a beta of 0.19.

In related news, insider Gmt Capital Corp purchased 12,000 shares of Gran Tierra Energy stock in a transaction dated Monday, January 29th. The stock was purchased at an average cost of C$2.88 per share, with a total value of C$34,560.00. Over the last three months, insiders bought 111,900 shares of company stock valued at $248,342.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Virtu KCG Holdings LLC raised its position in shares of Gran Tierra Energy by 3.7% in the 2nd quarter. Virtu KCG Holdings LLC now owns 115,353 shares of the company’s stock worth $258,000 after acquiring an additional 4,063 shares in the last quarter. State Street Corp raised its position in shares of Gran Tierra Energy by 2.2% in the 2nd quarter. State Street Corp now owns 374,942 shares of the company’s stock worth $840,000 after acquiring an additional 8,119 shares in the last quarter. Toronto Dominion Bank raised its position in shares of Gran Tierra Energy by 0.4% in the 2nd quarter. Toronto Dominion Bank now owns 5,891,616 shares of the company’s stock worth $13,084,000 after acquiring an additional 23,195 shares in the last quarter. Brandes Investment Partners LP raised its position in shares of Gran Tierra Energy by 20.1% in the 3rd quarter. Brandes Investment Partners LP now owns 151,959 shares of the company’s stock worth $346,000 after acquiring an additional 25,406 shares in the last quarter. Finally, Bank of Nova Scotia raised its position in shares of Gran Tierra Energy by 39.3% in the 2nd quarter. Bank of Nova Scotia now owns 115,707 shares of the company’s stock worth $257,000 after acquiring an additional 32,656 shares in the last quarter.

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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 and Estimates for Gran Tierra Energy (TSE:GTE)

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