Frontera Energy (TSE:FEC) Shares Down 7.7%

Shares of Frontera Energy Co. (TSE:FEC) dropped 7.7% during trading on Thursday . The stock traded as low as C$7.65 and last traded at C$7.79. Approximately 110,888 shares changed hands during mid-day trading, an increase of 140% from the average daily volume of 46,163 shares. The stock had previously closed at C$8.44.

Frontera Energy Stock Performance

The firm’s fifty day moving average price is C$8.05 and its 200 day moving average price is C$8.34. The stock has a market capitalization of C$667.63 million, a price-to-earnings ratio of 4.54, a price-to-earnings-growth ratio of 0.06 and a beta of 1.93. The company has a current ratio of 0.97, a quick ratio of 0.72 and a debt-to-equity ratio of 29.45.

Frontera Energy (TSE:FEC) last announced its earnings results on Wednesday, August 7th. The company reported C($0.04) earnings per share for the quarter. Frontera Energy had a return on equity of 6.47% and a net margin of 9.82%. The business had revenue of C$285.90 million for the quarter. Analysts forecast that Frontera Energy Co. will post 1.5873984 EPS for the current fiscal year.

Frontera Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 16th. Investors of record on Wednesday, October 2nd will be paid a dividend of $0.063 per share. This represents a $0.25 annualized dividend and a yield of 3.18%. The ex-dividend date of this dividend is Wednesday, October 2nd. Frontera Energy’s payout ratio is currently 14.53%.

About Frontera Energy

Frontera Energy Corporation engages in the exploration, development, production, transportation, storage, and sale of crude oil and natural gas in South America. The company has a portfolio of assets, which consists of interests in 24 exploration and production blocks in Colombia, Ecuador, and Guyana; and in pipeline and port facilities in Colombia.