5 Cheap Oil Stocks Under $5

4. Gran Tierra Energy Inc (NYSEMKT:GTE)

In Gran Tierra Energy Inc (NYSEMKT:GTE), the number of bullish investors declined by four to 18 during the first three months of 2017. Among the funds tracked by us, the three largest shareholders of Gran Tierra were Thomas E. Claugus’ GMT Capital, Jonathan Barrett and Paul Segal’s Luminus Management, and Joseph Oughourlian and Michael Brogard’s Amber Capital, all of which raised their stakes in Q1. GMT Capital increased its position by 16% on the quarter to 40.35 million shares, Luminus boosted its holding by 78% to 14.35 million shares, and Amber raised its position by 13% to 13.36 million shares.

Gran Tierra Energy Inc (NYSEMKT:GTE)’s stock is trading 26% in the red year-to-date. The company, which operates primarily in Colombia, reported EPS of $0.03 for the first-quarter, in-line with estimates, while its revenue of $94.70 million advanced by 65% on the year, but missed expectations by $17.50 million. Gran Tierra Energy has significant growth potential, as it spent last year acquiring other companies and is estimating that its net asset value will grow by 3-5X over the next five years.

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