Frontera Energy (TSE:FEC) Trading Up 1.9%

Frontera Energy Corp (TSE:FEC) was up 1.9% during trading on Wednesday . The stock traded as high as C$13.97 and last traded at C$13.90, approximately 82,279 shares were traded during mid-day trading. A decline of 52% from the average daily volume of 170,960 shares. The stock had previously closed at C$13.64.

A number of brokerages recently commented on FEC. Canaccord Genuity decreased their price objective on Frontera Energy from C$14.50 to C$14.00 in a research note on Tuesday, April 9th. Eight Capital cut Frontera Energy from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from C$21.00 to C$14.50 in a research note on Tuesday, April 2nd.

The company has a debt-to-equity ratio of 37.21, a current ratio of 1.28 and a quick ratio of 0.93. The company has a 50 day simple moving average of C$13.67. The company has a market capitalization of $1.37 billion and a price-to-earnings ratio of -6.59.

Frontera Energy (TSE:FEC) last announced its quarterly earnings data on Thursday, May 9th. The company reported C$0.70 EPS for the quarter. The company had revenue of C$501.95 million for the quarter, compared to analyst estimates of C$539.89 million. Sell-side analysts predict that Frontera Energy Corp will post 1.99000008207913 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 17th. Investors of record on Wednesday, July 3rd will be paid a dividend of $0.205 per share. The ex-dividend date of this dividend is Tuesday, July 2nd. This represents a $0.82 dividend on an annualized basis and a dividend yield of 5.86%. Frontera Energy’s dividend payout ratio (DPR) is presently -17.35%.

Frontera Energy Company Profile (TSE:FEC)

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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