Russell Investments Group Ltd. held its stake in Gran Tierra Energy Inc (TSE:GTE) (AMEX:GTE) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 273,800 shares of the company’s stock at the end of the second quarter. Russell Investments Group Ltd. owned approximately 0.07% of Gran Tierra Energy worth $613,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also modified their holdings of GTE. Vanguard Group Inc. lifted its position in Gran Tierra Energy by 10.6% in the first quarter. Vanguard Group Inc. now owns 9,383,209 shares of the company’s stock worth $24,772,000 after purchasing an additional 898,590 shares during the period. Schroder Investment Management Group lifted its position in Gran Tierra Energy by 4.6% in the first quarter. Schroder Investment Management Group now owns 6,654,979 shares of the company’s stock worth $23,026,000 after purchasing an additional 292,024 shares during the period. MARSHALL WACE ASIA Ltd acquired a new stake in Gran Tierra Energy in the first quarter worth approximately $6,936,000. Marshall Wace North America L.P. acquired a new stake in Gran Tierra Energy in the first quarter worth approximately $6,936,000. Finally, Morgan Stanley lifted its position in Gran Tierra Energy by 2.7% in the first quarter. Morgan Stanley now owns 2,310,334 shares of the company’s stock worth $6,099,000 after purchasing an additional 59,685 shares during the period.
Shares of Gran Tierra Energy Inc (TSE:GTE) traded down 1.50% during midday trading on Monday, hitting $2.62. The stock had a trading volume of 130,619 shares. Gran Tierra Energy Inc has a 52 week low of $2.41 and a 52 week high of $4.40. The stock has a 50-day moving average of $2.68 and a 200 day moving average of $3.09. The stock’s market cap is $1.03 billion.
Gran Tierra Energy (TSE:GTE) (AMEX:GTE) last released its earnings results on Thursday, August 3rd. The company reported C($0.02) EPS for the quarter, missing analysts’ consensus estimates of C$0.04 by C($0.06). Gran Tierra Energy had a negative return on equity of 2.76% and a negative net margin of 7.08%. The business had revenue of C$96.13 million for the quarter, compared to analyst estimates of C$99.95 million. Analysts anticipate that Gran Tierra Energy Inc will post $0.07 EPS for the current fiscal year.
In other Gran Tierra Energy news, insider Gmt Capital Corp bought 14,200 shares of the stock in a transaction on Tuesday, September 12th. The stock was purchased at an average price of C$2.06 per share, with a total value of C$29,252.00. Also, Director David Paul Smith bought 35,000 shares of the stock in a transaction on Wednesday, June 21st. The shares were acquired at an average cost of C$2.08 per share, with a total value of C$72,800.00. Insiders have acquired a total of 130,500 shares of company stock valued at $272,442 in the last ninety days.
Separately, Zacks Investment Research upgraded Gran Tierra Energy from a “hold” rating to a “buy” rating and set a C$2.50 target price for the company in a research report on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, seven have issued a buy rating and two have issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of C$4.90.
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Gran Tierra Energy 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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