National Bank Financial Trims Frontera Energy (TSE:FEC) Target Price to C$6.00

Frontera Energy (TSE:FEC) had its price objective trimmed by National Bank Financial from C$7.00 to C$6.00 in a research report sent to investors on Tuesday, BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

Several other analysts have also issued reports on the company. Eight Capital dropped their price objective on Frontera Energy from C$12.00 to C$11.00 in a research note on Friday, March 6th. BMO Capital Markets restated a market perform rating and issued a C$10.00 price objective on shares of Frontera Energy in a research note on Tuesday, March 3rd.

TSE:FEC opened at C$3.21 on Tuesday. The company has a quick ratio of 0.80, a current ratio of 1.12 and a debt-to-equity ratio of 31.71. The stock’s 50 day moving average price is C$6.71 and its two-hundred day moving average price is C$9.61. The firm has a market capitalization of $467.70 million and a price-to-earnings ratio of 1.08. Frontera Energy has a 12-month low of C$3.17 and a 12-month high of C$15.16.

Frontera Energy Company Profile

Frontera Energy Corporation explores for, develops, and produces crude oil and natural gas in South America. As of December 31, 2018, it had total net proved and probable oil and gas reserves of 154.9 million barrels of oil equivalent; and interests in approximately 30 exploration and production blocks.

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