Canacol Energy (TSE:CNE) Trading Down 9%

Shares of Canacol Energy Ltd (TSE:CNE – Get Rating) traded down 9% on Monday . The stock traded as low as C$2.43 and last traded at C$2.44. 225,017 shares traded hands during trading, a decline of 22% from the average session volume of 288,847 shares. The stock had previously closed at C$2.68.

Separately, BMO Capital Markets decreased their price target on Canacol Energy from C$4.00 to C$3.50 in a research report on Friday, May 13th.

The firm has a market capitalization of C$416.90 million and a P/E ratio of 7.89. The stock has a 50 day moving average of C$2.90 and a two-hundred day moving average of C$3.11. The company has a debt-to-equity ratio of 272.36, a quick ratio of 2.33 and a current ratio of 2.39.

Canacol Energy (TSE:CNE – Get Rating) last announced its quarterly earnings data on Thursday, May 12th. The oil and gas exploration company reported C$0.18 earnings per share for the quarter, topping the consensus estimate of C$0.10 by C$0.08. The firm had revenue of C$93.32 million for the quarter, compared to analyst estimates of C$87.36 million. Sell-side analysts predict that Canacol Energy Ltd will post 0.55 EPS for the current year.

About Canacol Energy (TSE:CNE)

Canacol Energy Ltd., an oil and gas company, engages in the exploration, development, and production of natural gas in Colombia. As of December 31, 2021, it had a total proved developed producing reserves of 236 billion cubic feet (Bcf) conventional natural gas; a total proved plus probable reserves of 607 Bcf conventional natural gas; and a total proved reserves of 368 Bcf conventional natural gas.

Further Reading

• Ride Out The Recession With These Dividend Kings 
• MarketBeat: Week in Review 6/13 – 6/17
• eBay’s Long Term Fundamentals Are Intact If You Can Stomach Short Term Volatility
• Honda’s Stock Continues To Fly Under The Radar
• Vuzix Stock Stays Optimistic

Want More Great Investing Ideas?