TD Securities Reaffirms “Action List Buy” Rating for Gran Tierra Energy Inc. (GTE)

TD Securities reissued their action list buy rating on shares of Gran Tierra Energy Inc. (TSE:GTE) in a research note released on Tuesday morning. The brokerage currently has a C$6.00 price objective on the stock.

GTE has been the topic of a number of other research reports. Canaccord Genuity reissued a buy rating on shares of Gran Tierra Energy in a report on Wednesday, July 20th. Scotiabank reissued an outperform rating and set a C$5.25 price objective on shares of Gran Tierra Energy in a report on Tuesday, August 9th. Citigroup Inc. raised Gran Tierra Energy from a neutral rating to a buy rating in a report on Friday, November 4th. FirstEnergy Capital reissued an outperform rating on shares of Gran Tierra Energy in a report on Friday, August 12th. Finally, Royal Bank Of Canada increased their price objective on Gran Tierra Energy from C$6.00 to C$6.50 and gave the company a top pick rating in a report on Tuesday, July 12th. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of C$6.62.

Analyst Recommendations for Gran Tierra Energy (TSE:GTE)

Shares of Gran Tierra Energy (TSE:GTE) opened at 4.07 on Tuesday. Gran Tierra Energy has a 52-week low of $2.56 and a 52-week high of $4.44. The firm’s market capitalization is $1.21 billion. The company’s 50 day moving average price is $3.95 and its 200 day moving average price is $3.84.

In related news, insider Susan Lynn Mawdsley bought 36,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 9th. The stock was acquired at an average price of C$2.98 per share, for a total transaction of C$107,280.00. Following the transaction, the insider now directly owns 15,500 shares of the company’s stock, valued at C$46,190. Also, VP Lawrence West bought 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 9th. The shares were bought at an average price of C$3.05 per share, with a total value of C$76,250.00. Following the transaction, the vice president now directly owns 228,830 shares in the company, valued at C$697,931.50. The disclosure for this purchase can be found here.

Institutional investors have recently bought and sold shares of the company. Schroder Investment Management Group increased its position in Gran Tierra Energy by 80.5% in the second quarter. Schroder Investment Management Group now owns 5,820,155 shares of the company’s stock valued at $25,260,000 after buying an additional 2,595,154 shares during the period. GSA Capital Partners LLP increased its position in shares of Gran Tierra Energy by 2.1% in the second quarter. GSA Capital Partners LLP now owns 274,388 shares of the company’s stock valued at $927,000 after buying an additional 5,557 shares during the last quarter. TD Asset Management Inc. increased its position in shares of Gran Tierra Energy by 75.2% in the second quarter. TD Asset Management Inc. now owns 2,532,520 shares of the company’s stock valued at $8,443,000 after buying an additional 1,087,300 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in shares of Gran Tierra Energy during the second quarter valued at about $2,321,000. Finally, Emerald Acquisition Ltd. acquired a new position in shares of Gran Tierra Energy during the second quarter valued at about $1,044,000.

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.

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