Gran Tierra Energy Inc. (TSE:GTE) (AMEX:GTE) Director David P. Smith bought 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 29th. The stock was bought at an average price of C$3.00 per share, with a total value of C$90,000.00.

Shares of Gran Tierra Energy Inc. (TSE:GTE) traded down 5.68% during trading on Tuesday, reaching $3.49. 2,124,164 shares of the company traded hands. Gran Tierra Energy Inc. has a 12 month low of $2.56 and a 12 month high of $4.44. The stock’s market cap is $1.24 billion. The stock’s 50 day moving average price is $4.01 and its 200-day moving average price is $3.88.

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Several equities analysts have recently weighed in on GTE shares. Zacks Investment Research lowered shares of Gran Tierra Energy from a “hold” rating to a “strong sell” rating in a research report on Tuesday. TD Securities restated an “action list buy” rating and set a C$6.00 price objective on shares of Gran Tierra Energy in a research report on Wednesday, November 16th. Scotiabank restated an “outperform” rating and set a C$5.50 price objective on shares of Gran Tierra Energy in a research report on Tuesday, November 15th. Citigroup Inc. upgraded shares of Gran Tierra Energy from a “neutral” rating to a “buy” rating in a research report on Friday, November 4th. Finally, Canaccord Genuity restated a “buy” rating on shares of Gran Tierra Energy in a research report on Wednesday, September 14th. One analyst has rated the stock with a sell rating, one has issued a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of C$6.62.

Several institutional investors have recently bought and sold shares of GTE. Roanoke Asset Management Corp NY bought a new position in Gran Tierra Energy during the second quarter valued at about $101,000. Capstone Investment Advisors LLC raised its position in Gran Tierra Energy by 8.5% in the second quarter. Capstone Investment Advisors LLC now owns 36,251 shares of the company’s stock valued at $122,000 after buying an additional 2,851 shares during the last quarter. Hsbc Holdings PLC raised its position in Gran Tierra Energy by 10.6% in the second quarter. Hsbc Holdings PLC now owns 41,489 shares of the company’s stock valued at $140,000 after buying an additional 3,971 shares during the last quarter. Teacher Retirement System of Texas raised its position in Gran Tierra Energy by 20.3% in the second quarter. Teacher Retirement System of Texas now owns 41,554 shares of the company’s stock valued at $140,000 after buying an additional 7,023 shares during the last quarter. Finally, Virginia Retirement Systems ET AL bought a new position in Gran Tierra Energy during the second quarter valued at about $155,000.

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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