November 29, 2016 - By Michael Collier
After the disclosing of a form filled with Washington-based SEC; a new insider investment became apparent. The VP – Investor Relations of Gran Tierra Energy Inc, Rodger Trimble; finalized a deal in the open market by buying 12,500 shares at the average stock price of $3.0 of the Pinksheet-listed company valued at $37,500 USD. And, It’s sure Rodger’s transaction isn’t going to remain undiscovered as he right now is holding 37,500 shares – ( 0.01% of Gran Tierra Energy Inc’s Market Cap ).
Out of 7 analysts covering Gran Tierra Energy (TSE:GTE), 5 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 71% are positive. $6 is the highest target while $2.10 is the lowest. The $4.30 average target is 23.21% above today’s ($3.49) stock price. Gran Tierra Energy has been the topic of 14 analyst reports since September 2, 2015 according to StockzIntelligence Inc. The stock of Gran Tierra Energy Inc. (TSE:GTE) has “Outperform” rating given on Wednesday, August 24 by Scotia Capital. The stock has “Action List Buy” rating given by TD Securities on Wednesday, November 16. The firm has “Action List Buy” rating given on Tuesday, November 8 by TD Securities. On Friday, December 18 the stock rating was upgraded by Scotia Capital to “Outperform”.
The stock decreased 5.68% or $0.21 on November 29, hitting $3.49. About 2.12 million shares traded hands or 248.22% up from the average. Gran Tierra Energy Inc. (TSE:GTE) has 0.00% since April 25, 2016 and is . It has underperformed by 5.26% the S&P500.
Gran Tierra Energy Inc. is an energy firm engaged in gas and oil acquisition, exploration, development and production. The company has a market cap of $1.35 billion. The Firm focuses on onshore gas and oil properties in Colombia, and also own rights to gas and oil properties in Brazil and Peru. It currently has negative earnings. The Company’s divisions are Colombia, Peru and Brazil based on geographic organization.
According to Zacks Investment Research, “Gran Tierra Energy Inc. is an international oil and gas exploration and production company, headquartered in Calgary, Canada, incorporated and traded in the United States and operating in South America. Gran Tierra Energy holds interests in producing and prospective properties in Argentina, Colombia and Peru. The company strategy is focused on establishing a portfolio of drilling opportunities to exploit undeveloped reserves to grow production, as well as undertaking exploration to grow future reserves.”
Analysts await Gran Tierra Energy Inc. (NYSEMKT:GTE) to report earnings on March, 6. They expect $0.02 earnings per share, down 77.78% or $0.07 from last year’s $0.09 per share. GTE’s profit will be $7.77M for 32.50 P/E if the $0.02 EPS becomes a reality. After $-0.05 actual earnings per share reported by Gran Tierra Energy Inc. for the previous quarter, Wall Street now forecasts -140.00% EPS growth.
More important recent Gran Tierra Energy Inc. (TSE:GTE) news were published by: Marketwatch.com which released: “Gran Tierra Energy Inc. and Petroamerica Oil Corp. Announce Closing of ..” on January 13, 2016, also Marketwatch.com published article titled: “Gran Tierra Energy Inc. Announces Colombian Peso Hedging Program”, Streetinsider.com published: “Form 4 GRAN TIERRA ENERGY INC. For: Nov 29 Filed by: Smith David P” on November 29, 2016. More interesting news about Gran Tierra Energy Inc. (TSE:GTE) was released by: Marketwired.com and their article: “Gran Tierra Energy Inc. Announces Closing of PetroLatina Energy Ltd. Acquisition” with publication date: August 23, 2016.
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