Gran Tierra Energy Inc. (NYSEAMERICAN:GTE) Major Shareholder Gmt Capital Corp Sells 100,000 Shares

Gran Tierra Energy Inc. (NYSEAMERICAN:GTE) major shareholder Gmt Capital Corp sold 100,000 shares of the company’s stock in a transaction on Friday, April 30th. The stock was sold at an average price of $0.67, for a total transaction of $67,000.00. Following the sale, the insider now directly owns 40,731,809 shares of the company’s stock, valued at approximately $27,290,312.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Gmt Capital Corp also recently made the following trade(s):

  • On Wednesday, April 28th, Gmt Capital Corp sold 108,000 shares of Gran Tierra Energy stock. The stock was sold at an average price of $0.69, for a total transaction of $74,520.00.
  • On Monday, April 26th, Gmt Capital Corp sold 406,000 shares of Gran Tierra Energy stock. The shares were sold at an average price of $0.60, for a total transaction of $243,600.00.
  • On Thursday, April 22nd, Gmt Capital Corp sold 29,700 shares of Gran Tierra Energy stock. The shares were sold at an average price of $0.59, for a total transaction of $17,523.00.
  • On Monday, April 19th, Gmt Capital Corp sold 221,000 shares of Gran Tierra Energy stock. The shares were sold at an average price of $0.60, for a total transaction of $132,600.00.
  • On Friday, April 16th, Gmt Capital Corp sold 200,000 shares of Gran Tierra Energy stock. The shares were sold at an average price of $0.65, for a total transaction of $130,000.00.
  • On Wednesday, April 14th, Gmt Capital Corp sold 520,700 shares of Gran Tierra Energy stock. The shares were sold at an average price of $0.69, for a total transaction of $359,283.00.
  • On Thursday, April 8th, Gmt Capital Corp sold 1,052,600 shares of Gran Tierra Energy stock. The shares were sold at an average price of $0.66, for a total transaction of $694,716.00.
  • On Monday, March 29th, Gmt Capital Corp sold 238,000 shares of Gran Tierra Energy stock. The shares were sold at an average price of $0.69, for a total transaction of $164,220.00.
  • On Wednesday, February 17th, Gmt Capital Corp sold 880,300 shares of Gran Tierra Energy stock. The shares were sold at an average price of $1.01, for a total transaction of $889,103.00.
  • On Tuesday, February 9th, Gmt Capital Corp sold 1,249,700 shares of Gran Tierra Energy stock. The shares were sold at an average price of $0.82, for a total transaction of $1,024,754.00.

Shares of GTE opened at $0.67 on Tuesday. The stock has a market capitalization of $246.02 million, a PE ratio of -0.35 and a beta of 2.25. Gran Tierra Energy Inc. has a 1 year low of $0.18 and a 1 year high of $1.23. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.69 and a current ratio of 1.69. The company’s 50-day simple moving average is $0.36 and its 200-day simple moving average is $0.27.

Gran Tierra Energy (NYSEAMERICAN:GTE) last issued its quarterly earnings results on Wednesday, February 24th. The company reported ($0.01) earnings per share (EPS) for the quarter. The business had revenue of $64.79 million for the quarter. Gran Tierra Energy had a negative return on equity of 15.72% and a negative net margin of 233.60%.

Several hedge funds have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC increased its stake in shares of Gran Tierra Energy by 126.4% during the fourth quarter. Renaissance Technologies LLC now owns 3,665,606 shares of the company’s stock worth $1,334,000 after buying an additional 2,046,372 shares during the period. GSA Capital Partners LLP increased its stake in shares of Gran Tierra Energy by 96.1% during the fourth quarter. GSA Capital Partners LLP now owns 1,323,255 shares of the company’s stock worth $481,000 after buying an additional 648,491 shares during the period. Squarepoint Ops LLC increased its stake in shares of Gran Tierra Energy by 154.0% during the fourth quarter. Squarepoint Ops LLC now owns 737,496 shares of the company’s stock worth $268,000 after buying an additional 447,141 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of Gran Tierra Energy by 56.2% during the third quarter. JPMorgan Chase & Co. now owns 454,987 shares of the company’s stock worth $107,000 after buying an additional 163,730 shares during the period. Hedge funds and other institutional investors own 42.89% of the company’s stock.

GTE has been the topic of a number of recent analyst reports. BMO Capital Markets upped their target price on shares of Gran Tierra Energy from $0.60 to $1.15 and gave the company a “market perform” rating in a research report on Thursday, February 25th. Scotiabank raised shares of Gran Tierra Energy from an “underperform” rating to a “sector perform” rating in a research report on Tuesday, April 13th. Royal Bank of Canada upped their target price on shares of Gran Tierra Energy from $0.70 to $1.00 and gave the company a “sector perform” rating in a research report on Friday, February 12th. Finally, CIBC raised shares of Gran Tierra Energy from a “sector underperform” rating to a “neutral” rating in a research report on Wednesday, March 10th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $0.96.

Gran Tierra Energy Company Profile

Gran Tierra Energy Inc, together with its subsidiaries, engages in the exploration and production of oil and gas properties in Colombia and Ecuador. As of December 31, 2020, it had total proved undeveloped reserves of 26.2 million barrels of oil equivalent in Colombia. The company was incorporated in 2003 and is headquartered in Calgary, Canada.

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Insider Buying and Selling by Quarter for Gran Tierra Energy (NYSEAMERICAN:GTE)

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