Frontera Energy Co. (TSE:FEC – Get Free Report)’s share price shot up 1% on Monday . The company traded as high as C$8.20 and last traded at C$8.17. 45,062 shares were traded during mid-day trading, a decline of 1% from the average session volume of 45,534 shares. The stock had previously closed at C$8.09.
Wall Street Analysts Forecast Growth
Separately, Cormark reduced their price objective on shares of Frontera Energy from C$12.00 to C$11.50 in a research note on Friday, February 16th.
Frontera Energy Price Performance
Frontera Energy (TSE:FEC – Get Free Report) last released its earnings results on Thursday, March 7th. The company reported C$1.42 EPS for the quarter. The firm had revenue of C$316.18 million during the quarter. Frontera Energy had a net margin of 16.85% and a return on equity of 11.26%. On average, equities research analysts anticipate that Frontera Energy Co. will post 2.0741627 EPS for the current year.
Frontera Energy Announces Dividend
The firm also recently declared a Variable dividend, which was paid on Tuesday, April 16th. Shareholders of record on Tuesday, April 2nd were issued a $0.063 dividend. The ex-dividend date of this dividend was Monday, April 1st. Frontera Energy’s dividend payout ratio (DPR) is presently 2.01%.
Frontera Energy Company Profile
Frontera Energy Corporation engages in the exploration, development, production, transportation, storage, and sale of crude oil and natural gas in South America. The company has a portfolio of assets, which consists of interests in 24 exploration and production blocks in Colombia, Ecuador, and Guyana; and in pipeline and port facilities in Colombia.
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