Frontera Energy (TSE:FEC) Stock Price Up 13.6%

Frontera Energy Co. (TSE:FEC)’s stock price was up 13.6% during trading on Thursday . The company traded as high as C$8.90 and last traded at C$8.58. Approximately 105,741 shares changed hands during mid-day trading, an increase of 153% from the average daily volume of 41,765 shares. The stock had previously closed at C$7.55.

Frontera Energy Stock Performance

The company has a debt-to-equity ratio of 29.45, a current ratio of 0.97 and a quick ratio of 0.72. The stock has a market cap of C$685.01 million, a price-to-earnings ratio of 4.94, a P/E/G ratio of 0.06 and a beta of 1.93. The company’s fifty day simple moving average is C$7.94 and its two-hundred day simple moving average is C$8.30.

Frontera Energy (TSE:FEC) last issued its earnings results on Wednesday, August 7th. The company reported C($0.04) earnings per share for the quarter. The business had revenue of C$285.90 million for the quarter. Frontera Energy had a return on equity of 6.47% and a net margin of 9.82%. On average, analysts forecast that Frontera Energy Co. will post 1.5365854 earnings per share for the current year.

Frontera Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 16th. Stockholders of record on Wednesday, October 2nd will be given a dividend of $0.063 per share. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $0.25 dividend on an annualized basis and a dividend yield of 3.09%. Frontera Energy’s dividend payout ratio (DPR) is presently 14.62%.

About Frontera Energy

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.