Frontera Energy (TSE:FEC) Shares Up 1%

Frontera Energy Co. (TSE:FEC)’s share price shot up 1% on Monday . The company traded as high as C$8.20 and last traded at C$8.17. 45,062 shares were traded during mid-day trading, a decline of 1% from the average session volume of 45,534 shares. The stock had previously closed at C$8.09.

Wall Street Analysts Forecast Growth

Separately, Cormark reduced their price objective on shares of Frontera Energy from C$12.00 to C$11.50 in a research note on Friday, February 16th.

Frontera Energy Price Performance

The stock’s 50 day moving average price is C$8.24 and its two-hundred day moving average price is C$8.67. The company has a debt-to-equity ratio of 29.34, a current ratio of 0.89 and a quick ratio of 0.72. The firm has a market capitalization of C$771.77 million, a price-to-earnings ratio of 3.05, a PEG ratio of 0.06 and a beta of 1.98.

Frontera Energy (TSE:FEC) last released its earnings results on Thursday, March 7th. The company reported C$1.42 EPS for the quarter. The firm had revenue of C$316.18 million during the quarter. Frontera Energy had a net margin of 16.85% and a return on equity of 11.26%. On average, equities research analysts anticipate that Frontera Energy Co. will post 2.0741627 EPS for the current year.

Frontera Energy Announces Dividend

The firm also recently declared a Variable dividend, which was paid on Tuesday, April 16th. Shareholders of record on Tuesday, April 2nd were issued a $0.063 dividend. The ex-dividend date of this dividend was Monday, April 1st. Frontera Energy’s dividend payout ratio (DPR) is presently 2.01%.

Frontera Energy Company Profile

Frontera Energy Corporation engages in the exploration, development, production, transportation, storage, and sale of crude oil and natural gas in South America. The company has a portfolio of assets, which consists of interests in 24 exploration and production blocks in Colombia, Ecuador, and Guyana; and in pipeline and port facilities in Colombia.