Gran Tierra Energy Inc (NYSEAMERICAN:GTE) COO Remi Anthony Berthelet acquired 42,000 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were acquired at an average price of $1.07 per share, for a total transaction of $44,940.00. Following the acquisition, the chief operating officer now directly owns 42,000 shares in the company, valued at $44,940. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

NYSEAMERICAN GTE traded up $0.01 during trading on Tuesday, hitting $1.02. The stock had a trading volume of 6,968 shares, compared to its average volume of 1,963,812. Gran Tierra Energy Inc has a 12 month low of $0.97 and a 12 month high of $2.97.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GTE. Mackenzie Financial Corp raised its stake in shares of Gran Tierra Energy by 17.8% during the 2nd quarter. Mackenzie Financial Corp now owns 56,300 shares of the company’s stock worth $90,000 after purchasing an additional 8,500 shares in the last quarter. A.R.T. Advisors LLC raised its stake in shares of Gran Tierra Energy by 43.3% during the 2nd quarter. A.R.T. Advisors LLC now owns 37,406 shares of the company’s stock worth $59,000 after purchasing an additional 11,300 shares in the last quarter. Cornerstone Investment Partners LLC raised its stake in shares of Gran Tierra Energy by 91.2% during the 3rd quarter. Cornerstone Investment Partners LLC now owns 24,855 shares of the company’s stock worth $31,000 after purchasing an additional 11,855 shares in the last quarter. Parametric Portfolio Associates LLC raised its stake in shares of Gran Tierra Energy by 9.6% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 153,214 shares of the company’s stock worth $244,000 after purchasing an additional 13,404 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of Gran Tierra Energy by 237.1% during the 2nd quarter. Wells Fargo & Company MN now owns 23,115 shares of the company’s stock worth $37,000 after purchasing an additional 16,257 shares in the last quarter.

Several equities analysts have recently weighed in on the company. National Bank Financial assumed coverage on Gran Tierra Energy in a report on Friday, October 11th. They set a “sector perform” rating on the stock. Canaccord Genuity set a $4.00 target price on Gran Tierra Energy and gave the company a “buy” rating in a research note on Friday, August 30th. Zacks Investment Research cut Gran Tierra Energy from a “buy” rating to a “hold” rating in a research note on Friday, October 25th. TheStreet cut Gran Tierra Energy from a “c” rating to a “d” rating in a research note on Wednesday, November 6th. Finally, Scotiabank cut Gran Tierra Energy from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, November 6th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Gran Tierra Energy currently has an average rating of “Buy” and a consensus price target of $3.58.

Gran Tierra Energy Company Profile

Gran Tierra Energy Inc, together with its subsidiaries, engages in the exploration and production of oil and gas properties in Colombia. As of December 31, 2018, the company had total proved undeveloped reserves of 17.3 million barrels of oil equivalent. Gran Tierra Energy Inc was incorporated in 2003 and is headquartered in Calgary, Canada.

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Insider Buying and Selling by Quarter for Gran Tierra Energy (NYSEAMERICAN:GTE)

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