Frontera Energy (TSE:FEC) Shares Down 3.8%

Frontera Energy Co. (TSE:FEC)’s stock price was down 3.8% during mid-day trading on Tuesday . The company traded as low as C$7.00 and last traded at C$7.00. Approximately 78,161 shares traded hands during mid-day trading, a decline of 57% from the average daily volume of 183,257 shares. The stock had previously closed at C$7.28.

Separately, BMO Capital Markets boosted their price target on Frontera Energy from C$8.50 to C$9.00 and gave the company a “na” rating in a report on Monday, July 19th.

The company has a 50-day moving average of C$7.10 and a 200 day moving average of C$6.70. The stock has a market capitalization of C$674.20 million and a PE ratio of -6.56. The company has a quick ratio of 0.69, a current ratio of 0.97 and a debt-to-equity ratio of 83.02.

Frontera Energy (TSE:FEC) last posted its earnings results on Wednesday, August 11th. The company reported C($0.03) earnings per share (EPS) for the quarter. The company had revenue of C$278.08 million during the quarter. As a group, equities analysts predict that Frontera Energy Co. will post 1.12 EPS for the current fiscal year.

In other Frontera Energy news, insider Gramercy Funds Management LLC purchased 40,200 shares of the business’s stock in a transaction that occurred on Thursday, July 15th. The shares were acquired at an average price of C$7.12 per share, for a total transaction of C$286,232.04. Following the completion of the purchase, the insider now owns 93,000 shares in the company, valued at approximately C$662,178.60. Also, Senior Officer Duncan James Nightingale sold 30,461 shares of the company’s stock in a transaction that occurred on Monday, June 28th. The shares were sold at an average price of C$7.56, for a total value of C$230,285.16.

Frontera Energy Company Profile (TSE:FEC)

Frontera Energy Corporation explores for, develops, and produces crude oil and natural gas in South America. The company has a portfolio of assets, which consists of interests in 40 exploration and production blocks in Colombia, Ecuador, and Guyana; and in pipeline and port facilities in Colombia. As of December 31, 2020, it had total proved plus probable reserves of 166.4 million barrels of oil equivalent.

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