Gran Tierra Energy (GTE) : Ashmore Group Plc scooped up 775,289 additional shares in Gran Tierra Energy during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 2,435,712 shares of Gran Tierra Energy which is valued at $7,014,851.Gran Tierra Energy makes up approximately 4.89% of Ashmore Group Plc’s portfolio.
Other Hedge Funds, Including , Credit Suisse Ag boosted its stake in GTE in the latest quarter, The investment management firm added 27,670 additional shares and now holds a total of 218,792 shares of Gran Tierra Energy which is valued at $630,121.Acrospire Investment Management boosted its stake in GTE in the latest quarter, The investment management firm added 1,500 additional shares and now holds a total of 8,319 shares of Gran Tierra Energy which is valued at $23,709. Gran Tierra Energy makes up approx 0.02% of Acrospire Investment Management’s portfolio.Cibc Asset Management Inc reduced its stake in GTE by selling 15,005 shares or 11.44% in the most recent quarter. The Hedge Fund company now holds 116,195 shares of GTE which is valued at $307,917.
Gran Tierra Energy opened for trading at $2.75 and hit $2.84 on the upside on Thursday, eventually ending the session at $2.82, with a gain of 1.81% or 0.05 points. The heightened volatility saw the trading volume jump to 4,65,847 shares. Company has a market cap of $840 M.
On the company’s financial health, Gran Tierra Energy reported $-0.21 EPS for the quarter, missing the analyst consensus estimate by $ -0.17 based on the information available during the earnings call on Aug 8, 2016. Analyst had a consensus of $-0.04.Analysts expectations of $ 76.65.During the same quarter in the previous year, the company posted $-0.13 EPS.
Many Wall Street Analysts have commented on Gran Tierra Energy. Company shares were Upgraded by RBC Capital Mkts on Jun 20, 2016 to ” Top Pick”, Firm has raised the Price Target to $ 6 from a previous price target of $4.75 .
Gran Tierra Energy Inc. is an energy Company. Through its subsidiaries the Company is engaged in oil and gas acquisition exploration development and production. The Company owns the rights to oil and gas properties in Colombia Peru and Brazil. In Colombia the Company focuses on developing its producing light oil fields including Costayaco and Moqueta and on the generation of exploration prospects. In Peru the Company is engaged in engineering procurement and construction work in preparation for a long-term production test. It commenced drilling the Bretana Sur 95-3-4-1X well and drilled the Bretana Sur 95-2-1XD water disposal well. In Brazil on Block REC-T-155 the Company completed the dual completions of the 3-GTE-03-BA and 4-GTE-04-BA development wells in the Tie field and completed single-stage fracture stimulation on the 1-GTE-8DP-BA exploration well.