Frontera Energy (TSE:FEC) Hits New 52-Week High - Here's What Happened

Key Points

• Frontera Energy shares hit a new 52-week high of C$14.25 (up ~2.1%) on Tuesday, trading above both the 50-day (C$11.66) and 200-day (C$7.89) moving averages.
• The company reported a quarterly loss of C($12.31) per share with a negative net margin (~104.96%) and negative ROE, and carries a debt-to-equity ratio of 82.19, although sell-side analysts forecast ~1.65 EPS for the current fiscal year.

Frontera Energy Co. (TSE:FEC - Get Free Report) shares reached a new 52-week high during trading on Tuesday . The company traded as high as C$14.25 and last traded at C$14.25, with a volume of 8859 shares trading hands. The stock had previously closed at C$13.96.

Frontera Energy Trading Up 2.1%

The company has a market cap of C$988.27 million, a PE ratio of -0.99, a PEG ratio of 0.06 and a beta of -0.07. The company has a current ratio of 0.76, a quick ratio of 0.72 and a debt-to-equity ratio of 82.19. The stock has a 50 day moving average price of C$11.66 and a 200 day moving average price of C$7.89.

Frontera Energy (TSE:FEC - Get Free Report) last released its earnings results on Wednesday, March 18th. The company reported C($12.31) EPS for the quarter. The firm had revenue of C$653.07 million during the quarter. Frontera Energy had a negative net margin of 104.96% and a negative return on equity of 88.55%. Sell-side analysts predict that Frontera Energy Co. will post 1.648374 EPS for the current fiscal year.

About Frontera Energy

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.

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