Frontera Energy (TSE:FEC) PT Lowered to C$12.50

Frontera Energy (TSE:FEC) had its target price lowered by investment analysts at Eight Capital from C$13.25 to C$12.50 in a note issued to investors on Friday, BayStreet.CA reports. Eight Capital’s target price would suggest a potential upside of 38.43% from the stock’s current price.

Shares of FEC stock traded up C$0.06 on Friday, reaching C$9.03. The company had a trading volume of 417,315 shares, compared to its average volume of 175,397. The stock has a market capitalization of $1.01 billion and a PE ratio of 8.28. The company has a quick ratio of 0.84, a current ratio of 1.23 and a debt-to-equity ratio of 33.51. Frontera Energy has a one year low of C$8.64 and a one year high of C$15.16. The business’s 50-day moving average is C$10.27 and its 200 day moving average is C$12.51.

Frontera Energy (TSE:FEC) last posted its quarterly earnings results on Thursday, November 7th. The company reported C($0.18) earnings per share for the quarter. The firm had revenue of C$366.60 million for the quarter. On average, sell-side analysts forecast that Frontera Energy will post 1.99000008207913 earnings per share for the current fiscal year.

About Frontera Energy

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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