Frontera Energy (TSE:FEC) had its price objective decreased by Eight Capital from C$26.50 to C$24.50 in a research note issued to investors on Wednesday.

Several other research firms also recently commented on FEC. CIBC restated an outperform rating and set a C$30.00 target price on shares of Frontera Energy in a research report on Friday, August 17th. Canaccord Genuity raised their target price on Frontera Energy from C$30.00 to C$33.00 in a research report on Monday, July 30th.

Frontera Energy stock opened at C$17.72 on Wednesday. Frontera Energy has a one year low of C$16.50 and a one year high of C$23.47.

Frontera Energy (TSE:FEC) last posted its earnings results on Friday, August 3rd. The company reported C($0.48) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C($0.36) by C($0.12). The company had revenue of C$540.41 million during the quarter, compared to analyst estimates of C$415.32 million.

In related news, insider Andrew Kent bought 2,800 shares of the business’s stock in a transaction that occurred on Wednesday, October 10th. The stock was acquired at an average price of C$18.09 per share, for a total transaction of C$50,652.00.

About Frontera Energy

Frontera Energy Corporation explores for, develops, and produces crude oil and natural gas primarily in Colombia and Peru. As of December 31, 2017, it had interests in 38 exploration and production blocks; and total net proved and probable oil and gas reserves of 154.3 million barrels of oil equivalent.

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