Recent Insider Activity: Gran Tierra Energy Inc. $GTE

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Gran Tierra Energy Inc. (ARCA:GTE) insider have most recently took part in a trading activity. On Jun 21, 2017 Smith David P, Director bought 57,500 shares having total worth of $119,600 at the price of $2.08 per share, following the transaction a total of 187,500 shares owned by Smith David P. Before this latest buy, Smith David P purchased GTE at 2 other times during the past twelve months, for a total investment of $279,150 at an average of $2.96 per share.

The stock has experienced a total of 3 insider trades in the past three months. These trades include 3 buy trades. Furthermore, over the past 12 months , the stock was traded 16 times by insiders. an employee of the company was the buyer in 16 instances.

Time Frame Number of Insider Buy Number of Insider Sell Stock Price Change(%)
3 Month 3 0 -21.48%
12 Month 16 0 6.35%

Shares of Gran Tierra Energy Inc. (ARCA:GTE) traded down 4.29% on Jun 21, 2017, hitting $2.01. 2,272,857 shares of the company’s stock traded hands. Gran Tierra Energy Inc. has a 52 week low of $1.87 and a 52 week high of $3.48. The company’s market cap is $770 million.

Gran Tierra Energy Inc. (ARCA:GTE) last announced its earnings results on May 3, 2017. The company reported 0.03 earnings per share (EPS) for the quarter, same as the consensus estimate of 0.03. The company had revenue of $95 million for the quarter, compared to the consensus estimate of $112 million. During the same quarter in the previous year, the company posted -0.19 earnings per share. The company’s revenue for the quarter was up 65% on a year-over-year basis.

2017-05-03 2017-03-01 2016-11-07 2016-08-08 2016-05-04 2016-02-29 2015-11-03 2015-08-05 2015-03-01 2014-11-05
earnings per share 0.03 0.05 -0.09 -0.01 -0.19 -0.29 -0.02 -0.13 0.18 0.15
Revenue(M) 94.66 91.61 68.54 71.71 57.4 54.78 75.65 69.73 99.58 162.3

Gran Tierra Energy, Inc., was organized under the laws of the State of Nevada on June 6, 2003. It is an independent energy company engaged in oil and gas acquisition, exploration, development and production. The Company operations are carried out in Colombia, Argentina, Peru, and Brazil. The Company has acquired oil and gas producing and non-producing assets in Colombia, Peru, Argentina and Brazil, with the acquisition of Solana Resources Limited in 2008 and Petrolifera Petroleum Limited in 2011. The Company’s reportable segments are Colombia, Argentina and Peru based on a geographic organization. The Company provides for future asset retirement obligations on its oil and natural gas properties based on estimates established by current legislation. The Company currently holds interests in producing properties in Colombia, Argentina, Peru and Brazil. The Company faces competition from both local and international companies in acquiring properties, contracting for drilling and other oil field equipment and securing trained personnel. The Company’s activities are subject to existing laws and regulations governing environmental quality and pollution control in the foreign countries where it maintains operations. Its activities with respect to exploration, drilling and production from wells, facilities, including the operation and construction of pipelines, plants and other facilities for transporting, processing, treating or storing crude oil and other products, are subject to stringent environmental regulation by provincial and federal authorities in Colombia, Argentina and Peru.

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.