Canacol Energy (TSE:CNE) Stock Price Crosses Above 200 Day Moving Average of $10.66

Canacol Energy Ltd (TSE:CNE – Get Rating) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$10.66 and traded as high as C$11.30. Canacol Energy shares last traded at C$11.23, with a volume of 5,312 shares trading hands.

Canacol Energy Stock Performance

The company has a market cap of C$382.94 million, a PE ratio of 2.03 and a beta of 0.85. The company has a debt-to-equity ratio of 175.44, a quick ratio of 1.34 and a current ratio of 0.70. The firm’s 50 day moving average is C$10.74 and its 200-day moving average is C$10.66.

Canacol Energy (TSE:CNE – Get Rating) last announced its quarterly earnings data on Monday, March 27th. The oil and gas exploration company reported C$5.32 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.56 by C$4.76. The business had revenue of C$116.72 million for the quarter, compared to analysts’ expectations of C$90.14 million. On average, research analysts anticipate that Canacol Energy Ltd will post 0.64 earnings per share for the current fiscal year.

Canacol Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 17th. Shareholders of record on Friday, March 31st were issued a $0.26 dividend. The ex-dividend date of this dividend was Thursday, March 30th. This represents a $1.04 annualized dividend and a yield of 9.26%. Canacol Energy’s payout ratio is 18.77%.

Canacol Energy Company Profile

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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.