Charle Gamba Purchases 10,000 Shares of Canacol Energy Ltd (TSE:CNE) Stock

Canacol Energy Ltd (TSE:CNE) Director Charle Gamba bought 10,000 shares of the stock in a transaction that occurred on Friday, May 24th. The stock was bought at an average price of C$4.87 per share, with a total value of C$48,700.00.

Canacol Energy Stock Performance

CNE opened at C$4.72 on Friday. The company has a debt-to-equity ratio of 191.27, a current ratio of 0.90 and a quick ratio of 1.34. The firm has a fifty day moving average price of C$4.85 and a 200 day moving average price of C$5.82. Canacol Energy Ltd has a 1 year low of C$4.25 and a 1 year high of C$12.55. The stock has a market cap of C$161.00 million, a P/E ratio of 1.37 and a beta of 0.82.

Canacol Energy (TSE:CNE) last issued its quarterly earnings results on Thursday, March 21st. The oil and gas exploration company reported C$1.20 EPS for the quarter, topping the consensus estimate of C$0.72 by C$0.48. The company had revenue of C$132.05 million during the quarter, compared to analyst estimates of C$96.48 million. Canacol Energy had a net margin of 22.61% and a return on equity of 22.19%. Equities research analysts anticipate that Canacol Energy Ltd will post 0.2408551 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Jefferies Financial Group lowered their target price on shares of Canacol Energy from C$6.70 to C$5.40 and set a “hold” rating for the company in a research note on Monday, March 25th. JPMorgan Chase & Co. cut shares of Canacol Energy from a “neutral” rating to an “underperform” rating and set a C$8.00 price objective for the company. in a research note on Monday, April 29th.

About Canacol Energy

Canacol Energy Ltd operates as an oil and gas company in Colombia. It engages in the exploration and development of natural gas. The company was formerly known as BrazAlta Resources Corp. and changed its name to Canacol Energy Ltd in February 2009. The company was incorporated in 1970 and is headquartered in Calgary, Canada.