Frontera Energy (TSE:FEC) Stock Price Up 0.7% – Still a Buy?

Frontera Energy Co. (TSE:FEC)’s stock price rose 0.7% on Thursday . The company traded as high as C$8.48 and last traded at C$8.45. Approximately 21,320 shares traded hands during mid-day trading, a decline of 56% from the average daily volume of 48,478 shares. The stock had previously closed at C$8.39.

Frontera Energy Stock Down 2.1 %

The firm has a market capitalization of C$696.25 million, a price-to-earnings ratio of 4.78, a P/E/G ratio of 0.06 and a beta of 1.92. The business’s 50-day moving average is C$8.20 and its two-hundred day moving average is C$8.33. The company has a debt-to-equity ratio of 29.45, a quick ratio of 0.72 and a current ratio of 0.97.

Frontera Energy (TSE:FEC) last announced its quarterly earnings results on Wednesday, August 7th. The company reported C($0.04) earnings per share for the quarter. The firm had revenue of C$285.90 million during the quarter. Frontera Energy had a net margin of 9.82% and a return on equity of 6.47%. On average, equities analysts anticipate that Frontera Energy Co. will post 1.648374 earnings per share for the current year.

Frontera Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 16th. Shareholders of record on Wednesday, October 2nd were issued a dividend of $0.063 per share. The ex-dividend date of this dividend was Wednesday, October 2nd. This represents a $0.25 annualized dividend and a yield of 3.05%. Frontera Energy’s dividend payout ratio (DPR) is currently 14.45%.

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.