Frontera Energy Co. (TSE:FEC) Announces Quarterly Dividend of $0.06

Frontera Energy Co. (TSE:FEC) announced a quarterly dividend on Wednesday, May 8th, Zacks reports. Investors of record on Wednesday, July 3rd will be paid a dividend of 0.063 per share on Wednesday, July 17th. This represents a $0.25 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend is Wednesday, July 3rd.

Frontera Energy Price Performance

FEC traded down C$0.05 on Friday, hitting C$9.00. 1,400 shares of the company’s stock were exchanged, compared to its average volume of 44,926. The stock has a market cap of C$763.29 million, a price-to-earnings ratio of 3.04, a P/E/G ratio of 0.06 and a beta of 1.98. The company has a current ratio of 0.89, a quick ratio of 0.72 and a debt-to-equity ratio of 29.34. Frontera Energy has a fifty-two week low of C$7.32 and a fifty-two week high of C$12.41. The firm has a 50-day moving average price of C$8.53 and a 200-day moving average price of C$8.61.

Frontera Energy (TSE:FEC) last posted its quarterly earnings results on Thursday, March 7th. The company reported C$1.42 earnings per share (EPS) for the quarter. The business had revenue of C$316.18 million during the quarter. Frontera Energy had a return on equity of 11.26% and a net margin of 16.85%. As a group, equities analysts anticipate that Frontera Energy will post 2.0741627 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Cormark lowered their price target on Frontera Energy from C$12.00 to C$11.50 in a report on Friday, February 16th.

Frontera Energy Company Profile

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.