Frontera Energy (TSE:FEC) Reaches New 12-Month High – Here’s Why

Shares of Frontera Energy Co. (TSE:FEC) reached a new 52-week high during mid-day trading on Saturday . The stock traded as high as C$9.46 and last traded at C$9.40, with a volume of 1096136 shares. The stock had previously closed at C$6.58.

Frontera Energy Stock Up 42.9%

The firm has a market cap of C$654.96 million, a price-to-earnings ratio of -1.65, a PEG ratio of 0.06 and a beta of 0.08. The business has a fifty day simple moving average of C$6.32 and a 200 day simple moving average of C$5.97. The company has a debt-to-equity ratio of 29.63, a current ratio of 0.92 and a quick ratio of 0.72.

Frontera Energy (TSE:FEC) last issued its quarterly earnings results on Friday, November 14th. The company reported C$0.38 earnings per share (EPS) for the quarter. Frontera Energy had a return on equity of 5.40% and a net margin of 8.57%.The firm had revenue of C$358.20 million for the quarter. As a group, equities analysts forecast that Frontera Energy Co. will post 1.648374 EPS for the current fiscal year.

Frontera Energy Company Profile

Frontera Energy Corp is a Canadian-based company engaged in the exploration, development, and production of crude oil and natural gas reserves in South America. It operates in five segments: Colombia, which includes all upstream business activities of exploration and production in Colombia; Peru; Ecuador & others, which includes all upstream business activities of exploration in Ecuador, the corporate office in Canada, and non-operating entities that have been aggregated; Guyana segment includes all offshore upstream business activities; and Midstream segment includes company’s investments in pipelines, storage, port, and other facilities relating to the distribution and exportation of crude oil products in Colombia.