The GFS Advisors LLC Acquires Shares of 286,000 Gran Tierra Energy Inc. (GTE), Report finds

The GFS Advisors LLC Acquires Shares of 286,000 Gran Tierra Energy Inc. (GTE), Report finds

Other large investors have also recently added to or reduced their stakes in the company. Concourse Capital Management LLC increased its stake in Gran Tierra Energy by 54.6% in the fourth quarter. Concourse Capital Management LLC now owns 1,556,798 shares of the company’s stock valued at $4,702,000 after buying an additional 549,769 shares during the period. Russell Investments Group Ltd. bought a new position in shares of Gran Tierra Energy during the fourth quarter valued at about $2,747,000. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Gran Tierra Energy by 7.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,371,815 shares of the company’s stock valued at $28,025,000 after buying an additional 672,125 shares in the last quarter. Highbridge Capital Management LLC raised its position in shares of Gran Tierra Energy by 51.5% in the third quarter. Highbridge Capital Management LLC now owns 313,554 shares of the company’s stock valued at $944,000 after buying an additional 106,547 shares in the last quarter. Finally, Black Maple Capital Management LP bought a new position in shares of Gran Tierra Energy during the third quarter valued at about $1,505,000.

GFS Advisors LLC acquired a new stake in shares of Gran Tierra Energy Inc. (TSE:GTE) (AMEX:GTE) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 286,000 shares of the company’s stock, valued at approximately $864,000. GFS Advisors LLC owned 0.08% of Gran Tierra Energy at the end of the most recent reporting period.

Gran Tierra Energy Inc. (TSE:GTE) traded up 3.38% during trading on Thursday, reaching $3.36. The company’s stock had a trading volume of 2,254,322 shares. Gran Tierra Energy Inc. has a one year low of $2.68 and a one year high of $4.44. The firm’s market cap is $1.20 billion. The company has a 50-day moving average of $3.76 and a 200 day moving average of $3.83.

Several research analysts recently issued reports on GTE shares. TD Securities reaffirmed an “action list buy” rating and set a C$7.00 target price on shares of Gran Tierra Energy in a research report on Wednesday, January 25th. RBC Capital Markets reissued a “top pick” rating and issued a C$6.50 price objective on shares of Gran Tierra Energy in a research report on Friday, December 2nd. Scotiabank reissued an “outperform” rating and issued a C$6.00 price objective on shares of Gran Tierra Energy in a research report on Tuesday, January 24th. Goldman Sachs Group, Inc. (The) lifted their price objective on Gran Tierra Energy from C$3.80 to C$3.90 in a research report on Friday, December 16th. Finally, Canaccord Genuity set a C$5.00 price objective on Gran Tierra Energy and gave the stock a “buy” rating in a research report on Monday, January 23rd. Eleven analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company. Gran Tierra Energy currently has an average rating of “Buy” and a consensus price target of C$6.68.

In other news, insider Susan Lynn Mawdsley acquired 20,000 shares of the stock in a transaction dated Tuesday, November 29th. The stock was purchased at an average cost of C$3.00 per share, with a total value of C$60,000.00. Following the completion of the purchase, the insider now owns 56,000 shares in the company, valued at approximately C$168,000. Also, Director David P. Smith acquired 30,000 shares of the stock in a transaction dated Tuesday, November 29th. The shares were purchased at an average cost of C$3.00 per share, with a total value of C$90,000.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 151,500 shares of company stock valued at $446,010.

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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