Gmt Capital Corp adds Gran Tierra Energy (GTE) to its portfolio

Gran Tierra Energy (GTE) : Gmt Capital Corp added new position in Gran Tierra Energy during the most recent quarter end. The investment management firm now holds 16,031,700 shares of Gran Tierra Energy which is valued at $46,010,979 , the company said in a statement filed on Aug 8, 2016 with the SEC.Gran Tierra Energy makes up approximately 1.03% of Gmt Capital Corp’s portfolio.

Other Hedge Funds, Including , Bnp Paribas Investment Partners S.a. boosted its stake in GTE in the latest quarter, The investment management firm added 653,723 additional shares and now holds a total of 2,441,050 shares of Gran Tierra Energy which is valued at $7,005,814. Gran Tierra Energy makes up approx 0.06% of Bnp Paribas Investment Partners S.a.’s portfolio.Clear Harbor Asset Management reduced its stake in GTE by selling 11,275 shares or 15.13% in the most recent quarter. The Hedge Fund company now holds 63,225 shares of GTE which is valued at $171,340. Gran Tierra Energy makes up approx 0.04% of Clear Harbor Asset Management’s portfolio. Roanoke Asset Management Corp Ny added GTE to its portfolio by purchasing 30,000 company shares during the most recent quarter which is valued at $79,500. Gran Tierra Energy makes up approx 0.03% of Roanoke Asset Management Corp Ny’s portfolio.Creative Planning boosted its stake in GTE in the latest quarter, The investment management firm added 400 additional shares and now holds a total of 2,400 shares of Gran Tierra Energy which is valued at $7,080.

Gran Tierra Energy opened for trading at $2.91 and hit $2.95 on the upside on Monday, eventually ending the session at $2.95, with a gain of 2.43% or 0.07 points. The heightened volatility saw the trading volume jump to 5,62,061 shares. Company has a market cap of $879 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.

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