Frontera Energy (TSE:FEC) Price Target Cut to C$20.00

Frontera Energy (TSE:FEC) had its target price cut by CIBC from C$22.50 to C$20.00 in a report published on Thursday morning, BayStreet.CA reports.

FEC has been the topic of several other research reports. Canaccord Genuity raised Nuvista Energy to a buy rating in a research report on Tuesday, April 9th. Eight Capital lowered Frontera Energy from a buy rating to a neutral rating and lowered their price target for the stock from C$21.00 to C$14.50 in a research report on Tuesday, April 2nd.

TSE:FEC opened at C$13.96 on Thursday. The firm has a market cap of $1.37 billion and a price-to-earnings ratio of -6.62. Frontera Energy has a twelve month low of C$10.19 and a twelve month high of C$19.80. The business’s 50 day moving average is C$13.65. The company has a debt-to-equity ratio of 37.21, a current ratio of 1.28 and a quick ratio of 0.93.

Frontera Energy (TSE:FEC) last posted its quarterly earnings results on Thursday, May 9th. The company reported C$0.70 earnings per share for the quarter. The company had revenue of C$501.95 million for the quarter, compared to analyst estimates of C$539.89 million. As a group, equities research analysts forecast that Frontera Energy will post 1.99000008207913 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 17th. Investors of record on Wednesday, July 3rd were issued a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 5.87%. The ex-dividend date was Tuesday, July 2nd. Frontera Energy’s payout ratio is presently -17.35%.

About Frontera Energy

Frontera Energy Corporation explores for, develops, and produces crude oil and natural gas in South America. As of December 31, 2018, it had total net proved and probable oil and gas reserves of 154.9 million barrels of oil equivalent; and interests in approximately 30 exploration and production blocks.

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