Frontera Energy (FEC) Price Target Cut to C$25.00 by Analysts at CIBC

Frontera Energy (TSE:FEC) had its price target decreased by CIBC from C$30.00 to C$25.00 in a research note released on Thursday morning.

A number of other research firms also recently issued reports on FEC. Canaccord Genuity raised their price target on shares of Frontera Energy from C$30.00 to C$33.00 in a research report on Monday, July 30th. Cormark reduced their price target on shares of Frontera Energy from C$35.00 to C$32.00 in a research report on Wednesday, October 10th. Finally, Eight Capital reduced their price target on shares of Frontera Energy from C$26.50 to C$24.50 in a research report on Wednesday, October 10th.

Shares of Frontera Energy stock traded down C$0.62 during trading hours on Thursday, reaching C$13.83. The company’s stock had a trading volume of 10,800 shares, compared to its average volume of 80,148. The company has a debt-to-equity ratio of 27.46, a quick ratio of 1.14 and a current ratio of 1.47. Frontera Energy has a one year low of C$13.83 and a one year high of C$23.47.

Frontera Energy (TSE:FEC) last posted its quarterly earnings results on Wednesday, November 7th. The company reported C($0.07) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C($0.05) by C($0.02). The firm had revenue of C$479.81 million for the quarter, compared to the consensus estimate of C$457.89 million. On average, equities research analysts forecast that Frontera Energy will post 1.8200001172584 earnings per share for the current year.

In other Frontera Energy news, insider Andrew Kent purchased 2,800 shares of Frontera Energy stock in a transaction dated Wednesday, October 10th. The shares were bought at an average cost 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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