Russell Investments Group Ltd. lessened its holdings in Gran Tierra Energy Inc (TSE:GTE) (NYSEMKT:GTE) by 17.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 225,800 shares of the company’s stock after selling 48,000 shares during the period. Russell Investments Group Ltd. owned approximately 0.06% of Gran Tierra Energy worth $515,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of GTE. JPMorgan Chase & Co. acquired a new stake in shares of Gran Tierra Energy in the 2nd quarter valued at $491,000. Parkwood LLC raised its holdings in shares of Gran Tierra Energy by 90.4% in the 3rd quarter. Parkwood LLC now owns 224,209 shares of the company’s stock valued at $511,000 after purchasing an additional 106,466 shares in the last quarter. California Public Employees Retirement System raised its holdings in shares of Gran Tierra Energy by 15.4% in the 2nd quarter. California Public Employees Retirement System now owns 1,605,800 shares of the company’s stock valued at $3,597,000 after purchasing an additional 214,000 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Gran Tierra Energy by 2.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,471,070 shares of the company’s stock worth $7,695,000 after acquiring an additional 99,228 shares in the last quarter. Finally, Foundry Partners LLC raised its stake in Gran Tierra Energy by 7.5% during the 3rd quarter. Foundry Partners LLC now owns 1,682,906 shares of the company’s stock worth $3,837,000 after acquiring an additional 118,019 shares in the last quarter.
Shares of Gran Tierra Energy Inc (TSE GTE) opened at C$3.53 on Friday. The firm has a market cap of $1,380.00, a PE ratio of -8.83 and a beta of 0.17. Gran Tierra Energy Inc has a fifty-two week low of C$2.41 and a fifty-two week high of C$3.75.
Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) last released its quarterly earnings data on Thursday, November 2nd. The company reported C$0.01 EPS for the quarter, missing analysts’ consensus estimates of C$0.05 by C($0.04). The company had revenue of C$103.77 million for the quarter, compared to analysts’ expectations of C$110.60 million. Gran Tierra Energy had a return on equity of 1.28% and a net margin of 3.02%. The firm’s quarterly revenue was up 51.4% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.71) EPS.
Several equities research analysts recently commented on the stock. Scotiabank reiterated an “outperform” rating and set a C$5.50 price target on shares of Gran Tierra Energy in a research note on Tuesday, December 19th. Zacks Investment Research upgraded shares of Gran Tierra Energy from a “strong sell” rating to a “hold” rating in a research note on Friday, October 27th. Finally, Eight Capital dropped their price objective on shares of Gran Tierra Energy from C$6.50 to C$5.25 in a research note on Wednesday, September 27th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of C$4.79.
In other news, insider Gmt Capital Corp acquired 22,300 shares of the business’s stock in a transaction dated Monday, November 27th. The stock was acquired at an average price of C$2.09 per share, with a total value of C$46,607.00. In the last 90 days, insiders have acquired 99,900 shares of company stock valued at $213,782.
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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