Canacol Energy (CNE) Stock Forecast, Price & News

Canacol Energy's stock was trading at C$9.80 at the beginning of the year. Since then, CNE stock has increased by 15.3% and is now trading at C$11.30.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 10th 2023.
View our CNE earnings forecast.

Canacol Energy Ltd (TSE:CNE) posted its earnings results on Monday, March, 27th. The oil and gas exploration company reported $5.32 EPS for the quarter, beating analysts' consensus estimates of $0.56 by $4.76. The oil and gas exploration company had revenue of $116.72 million for the quarter, compared to analysts' expectations of $90.14 million.

Canacol Energy declared a quarterly dividend on Thursday, March 16th. Investors of record on Friday, March 31st will be given a dividend of 0.26 per share on Monday, April 17th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 9.20%. The ex-dividend date of this dividend is Thursday, March 30th.
Read our dividend analysis for CNE.

Canacol Energy (TSE:CNE) pays an annual dividend of C$1.04 per share and currently has a dividend yield of 9.42%. CNE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 18.77%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for CNE.

Canacol Energy shares reverse split before market open on Friday, January 20th 2023. The 1-5 reverse split was announced on Friday, January 20th 2023. The number of shares owned by shareholders was adjusted after the market closes on Friday, January 20th 2023. An investor that had 100 shares of stock prior to the reverse split would have 20 shares after the split.

Based on aggregate information from My MarketBeat watchlists, some companies that other Canacol Energy investors own include Frontera Energy (PRE), Avianca (AVH), Ecopetrol (EC), Gran Tierra Energy (GTE), Whiting Petroleum (WLL), Air Canada (AC), Aecon Group (ARE), CEMEX (CX), Parex Resources (PXT) and Alimentation Couche-Tard (ATD.B).

Canacol Energy trades on the Toronto Stock Exchange (TSX) under the ticker symbol "CNE."

Shares of CNE stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
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One share of CNE stock can currently be purchased for approximately C$11.30.

Canacol Energy (TSE:CNE) has a market capitalization of C$385.33 million and generates C$335.71 million in revenue each year. The oil and gas exploration company earns C$147.27 million in net income (profit) each year or C$5.54 on an earnings per share basis.

The company employs 406 workers across the globe.

Canacol Energy's mailing address is Eighth Avenue Place, 4500-525 8 Ave SW, CALGARY, AB T2P 1G1, Canada. The official website for the company is www.canacolenergy.com. The oil and gas exploration company can be reached via phone at +1-403-5611648.