Canacol Energy (TSE:CNE) Sets New 52-Week Low at $3.63

Canacol Energy Ltd (TSE:CNE)’s share price reached a new 52-week low on Tuesday . The stock traded as low as C$3.63 and last traded at C$3.65, with a volume of 13966 shares changing hands. The stock had previously closed at C$3.70.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group increased their target price on shares of Canacol Energy from C$5.40 to C$5.50 and gave the stock a “hold” rating in a report on Tuesday, July 16th.

Canacol Energy Trading Down 3.6 %

The firm has a market capitalization of C$117.34 million, a P/E ratio of 7.48 and a beta of 0.83. The business’s 50-day moving average is C$4.28 and its 200 day moving average is C$4.63. The company has a debt-to-equity ratio of 203.67, a current ratio of 0.97 and a quick ratio of 1.34.

Canacol Energy (TSE:CNE) last announced its quarterly earnings data on Thursday, August 8th. The oil and gas exploration company reported C($0.85) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.15 by C($2.00). Canacol Energy had a return on equity of 3.50% and a net margin of 3.45%. The firm had revenue of C$129.40 million for the quarter, compared to analyst estimates of C$119.69 million. As a group, analysts anticipate that Canacol Energy Ltd will post 0.2408551 EPS for the current fiscal year.

About Canacol Energy

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.