Insider Filing Worth Mentioning: The Insider and director of Gran Tierra Energy Inc. (TSE:GTE), David Smith, Purchased 30,000 Shares

November 29, 2016 - By Michael Collier

Insider Filing Worth Mentioning: The Insider and director of Gran Tierra Energy Inc. (TSE:GTE), David Smith, Purchased 30,000 Shares

David Smith Insider Buy

Gran Tierra Energy Inc director David Smith on the November 29, 2016 purchased a total of 30,000 shares of the public company that are worth about $90,000 USD. This is at average stock price per share of $3.0 USD. This investment took place on November 29, 2016. A legal form filed with the U.S. Security and Exchange Commission and is accessible online here, gives more details of the investment. David Smith owns 0.02% of the -company’s market cap or 65,000 shares.

Gran Tierra Energy Inc. (TSE:GTE) Ratings Coverage

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. Scotia Capital maintained the stock with “Outperform” rating in Wednesday, August 24 report. The firm has “Outperform” rating given on Friday, December 18 by Scotia Capital. TD Securities maintained the stock with “Action List Buy” rating in Tuesday, November 8 report. TD Securities maintained the stock with “Action List Buy” rating in Wednesday, November 16 report.

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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