TSE:CNE

Canacol Energy (CNE) Stock Price, News & Analysis

C$4.89
+0.07 (+1.45%)
(As of 04/25/2024 ET)
Today's Range
C$4.77
C$4.89
50-Day Range
C$4.29
C$6.00
52-Week Range
C$4.25
C$12.55
Volume
19,652 shs
Average Volume
60,691 shs
Market Capitalization
C$166.80 million
P/E Ratio
1.42
Dividend Yield
21.27%
Price Target
C$7.80

Canacol Energy MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
59.5% Upside
C$7.80 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.41 out of 5 stars

CNE stock logo

About Canacol Energy Stock (TSE:CNE)

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. Canacol Energy Ltd operates as a subsidiary of CDS Clearing and Depository Services Inc.

CNE Stock Price History

CNE Stock News Headlines

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Closing Bell: Canacol Energy Ltd flat on Monday (CNE)
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CNE:CA Canacol Energy Ltd
Closing Bell: Canacol Energy Ltd flat on Thursday (CNE)
Closing Bell: Canacol Energy Ltd up on Wednesday (CNE)
Canacol Energy declares CAD 0.26 dividend
Closing Bell: Canacol Energy Ltd flat on Tuesday (CNE)
See More Headlines
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Company Calendar

Last Earnings
3/21/2024
Today
4/25/2024
Next Earnings (Estimated)
5/09/2024

Industry, Sector and Symbol

Sector
Energy
Industry
Oil & Gas E&P
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
396
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$7.80
High Stock Price Target
C$9.00
Low Stock Price Target
C$5.40
Potential Upside/Downside
+59.5%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
3 Analysts

Profitability

Net Income
C$86.24 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$315.80 million
Cash Flow
C$1.33 per share
Book Value
C$10.31 per share

Miscellaneous

Free Float
N/A
Market Cap
C$166.80 million
Optionable
Not Optionable
Beta
0.86
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Key Executives

  • Dr. Charle A. Gamba B.Sc. (Age 60)
    MSc., Ph.D., President, CEO & Director
    Comp: $1.8M
  • Mr. Jason Michael Bednar B.Comm. (Age 53)
    CA, Chief Financial Officer
    Comp: $1.24M
  • Mr. Ravi Sharma
    Chief Operating Officer
  • Mr. Anthony Amar Zaidi
    VP of Business Development, General Counsel & Corporate Secretary
  • Ms. Carolina Orozco
    Vice President of Investor Relations & Communications
  • Mr. William M. Satterfield B.Sc. (Age 62)
    MA, Senior Vice President of Exploration

CNE Stock Analysis - Frequently Asked Questions

Should I buy or sell Canacol Energy stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canacol Energy in the last year. There are currently 3 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" CNE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CNE, but not buy additional shares or sell existing shares.
View CNE analyst ratings
or view top-rated stocks.

What is Canacol Energy's stock price target for 2024?

3 brokerages have issued twelve-month target prices for Canacol Energy's shares. Their CNE share price targets range from C$5.40 to C$9.00. On average, they anticipate the company's share price to reach C$7.80 in the next year. This suggests a possible upside of 59.5% from the stock's current price.
View analysts price targets for CNE
or view top-rated stocks among Wall Street analysts.

How have CNE shares performed in 2024?

Canacol Energy's stock was trading at C$6.96 on January 1st, 2024. Since then, CNE shares have decreased by 29.7% and is now trading at C$4.89.
View the best growth stocks for 2024 here
.

When is Canacol Energy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 9th 2024.
View our CNE earnings forecast
.

How were Canacol Energy's earnings last quarter?

Canacol Energy Ltd (TSE:CNE) posted its quarterly earnings data on Thursday, March, 21st. The oil and gas exploration company reported $1.20 EPS for the quarter, topping analysts' consensus estimates of $0.72 by $0.48. The oil and gas exploration company had revenue of $132.05 million for the quarter, compared to the consensus estimate of $96.48 million. Canacol Energy had a net margin of 27.31% and a trailing twelve-month return on equity of 26.80%.

How often does Canacol Energy pay dividends? What is the dividend yield for Canacol Energy?

Canacol Energy declared a quarterly dividend on Wednesday, December 20th. Stockholders of record on Friday, December 29th will be given a dividend of 0.26 per share on Monday, January 15th. This represents a $1.04 dividend on an annualized basis and a yield of 21.27%. The ex-dividend date is Thursday, December 28th.
Read our dividend analysis for CNE
.

Is Canacol Energy a good dividend stock?

Canacol Energy (TSE:CNE) pays an annual dividend of C$1.04 per share and currently has a dividend yield of 22.22%. CNE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 30.23%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for CNE.

When did Canacol Energy's stock split?

Shares of Canacol Energy reverse split on the morning of 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.

What other stocks do shareholders of Canacol Energy own?

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).

How do I buy shares of Canacol Energy?

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.
Compare Top Brokerages Here.

This page (TSE:CNE) was last updated on 4/25/2024 by MarketBeat.com Staff

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