Canacol Energy (OTCMKTS:CNNEF) Issues 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) released its earnings results on Thursday. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.49), Zacks reports. The company had revenue of $64.81 million for the quarter, compared to analyst estimates of $77.00 million.

Canacol Energy Trading Up 0.7%

Shares of Canacol Energy stock traded up $0.01 during midday trading on Tuesday, reaching $1.36. The company had a trading volume of 4,555 shares, compared to its average volume of 6,857. The company has a market capitalization of $46.38 million, a price-to-earnings ratio of 1.53 and a beta of 0.97. The stock has a fifty day simple moving average of $1.77 and a 200 day simple moving average of $2.19. Canacol Energy has a 1-year low of $1.34 and a 1-year high of $3.23.

Canacol Energy Company Profile

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.