Insider Transaction: Susan Mawdsley Invested in 20,000 Shares of Gran Tierra Energy Inc. (TSE:GTE)

November 29, 2016 - By Adrian Mccoy

 Insider Transaction: Susan Mawdsley Invested in 20,000 Shares of Gran Tierra Energy Inc. (TSE:GTE)

Susan Mawdsley Insider Buy

Shareholder Susan Mawdsley of Gran Tierra Energy Inc, bought 20,000 of the company shares having a market value near $60,000 USD with an average of $3.0 price for each share. This is not her first insider trade, in the last month, she bought another 36,000 shares worth $107,120 USD. Susan Mawdsley now indirectly has rights to 0 shares. She also directly has rights to 56000 shares. In total she holds a stake of 0.02%. The acquisition of shares was made on 29/11/2016 and this act was unveiled in a filing which was filed with the SEC. This filing is on hand for review here.

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. TD Securities maintained the shares of GTE in a report on Tuesday, November 8 with “Action List Buy” rating. The firm has “Outperform” rating by Scotia Capital given on Friday, December 18. TD Securities maintained the shares of GTE in a report on Wednesday, November 16 with “Action List Buy” rating. Scotia Capital maintained Gran Tierra Energy Inc. (TSE:GTE) rating on Wednesday, August 24. Scotia Capital has “Outperform” rating and $5.25 price target.

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 $7.77 million 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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