Canacol Energy (OTCMKTS:CNNEF) Releases Earnings Results, Misses Estimates By $0.49 EPS

Key Points

• Canacol Energy reported an earnings per share (EPS) of $0.41, missing analysts' estimates by $0.49.
• The company's revenue for the quarter was $64.81 million, falling short of the consensus estimate of $77.00 million.
• After the earnings release, Canacol Energy's stock price opened at $1.48, with a market cap of $50.47 million.

Canacol Energy (OTCMKTS:CNNEF - Get Free Report) issued its earnings results on Thursday. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.90 by ($0.49), Zacks reports. The company had revenue of $64.81 million during the quarter, compared to the consensus estimate of $77.00 million.

Canacol Energy Trading Up 2.1%

Shares of OTCMKTS:CNNEF opened at $1.48 on Friday. The stock's fifty day simple moving average is $1.80 and its two-hundred day simple moving average is $2.20. Canacol Energy has a 1-year low of $1.45 and a 1-year high of $3.24. The stock has a market cap of $50.47 million, a PE ratio of -10.57 and a beta of 0.97.

About Canacol Energy

Canacol Energy Ltd operates as an oil and gas company in Colombia. It engages in the exploration and development of natural gas. The company was formerly known as BrazAlta Resources Corp. and changed its name to Canacol Energy Ltd in February 2009. The company was incorporated in 1970 and is headquartered in Calgary, Canada.

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