Canacol Energy (TSE:CNE) Reaches New 1-Year Low at $3.81

Canacol Energy Ltd (TSE:CNEGet Free Report) shares reached a new 52-week low during mid-day trading on Thursday . The company traded as low as C$3.81 and last traded at C$4.18, with a volume of 128355 shares trading hands. The stock had previously closed at C$4.31.

Analyst Upgrades and Downgrades

CNE has been the subject of several research reports. JPMorgan Chase & Co. cut Canacol Energy from a “neutral” rating to an “underperform” rating and set a C$8.00 target price for the company. in a research report on Monday, April 29th. Jefferies Financial Group decreased their target price on shares of Canacol Energy from C$6.70 to C$5.40 and set a “hold” rating on the stock in a research report on Monday, March 25th.

Check Out Our Latest Research Report on CNE

Canacol Energy Price Performance

The company has a 50-day moving average of C$4.72 and a 200 day moving average of C$5.65. The company has a debt-to-equity ratio of 191.27, a quick ratio of 1.34 and a current ratio of 0.90. The firm has a market cap of C$139.17 million, a P/E ratio of 1.19 and a beta of 0.82.

Canacol Energy (TSE:CNEGet Free Report) last issued its quarterly earnings data on Thursday, May 9th. The oil and gas exploration company reported C$0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.75 by C($0.60). Canacol Energy had a net margin of 22.61% and a return on equity of 22.19%. The company had revenue of C$104.74 million for the quarter, compared to the consensus estimate of C$100.34 million. On average, sell-side analysts anticipate that Canacol Energy Ltd will post 0.2408551 EPS for the current year.

Insiders Place Their Bets

In other Canacol Energy news, Director Charle Gamba purchased 10,000 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The shares were acquired at an average cost of C$4.87 per share, for a total transaction of C$48,700.00. Insiders own 20.98% of the company’s stock.

About Canacol Energy

(Get Free Report)

Canacol Energy Ltd operates as an oil and gas company in Colombia. It engages in the exploration and development of natural gas. The company was formerly known as BrazAlta Resources Corp. and changed its name to Canacol Energy Ltd in February 2009. The company was incorporated in 1970 and is headquartered in Calgary, Canada.

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