Canacol Energy (TSE:CNE) Hits New 52-Week Low – Here’s What Happened

Canacol Energy Ltd (TSE:CNEGet Free Report) reached a new 52-week low on Thursday . The stock traded as low as C$3.05 and last traded at C$3.08, with a volume of 7689 shares. The stock had previously closed at C$3.14.

Analyst Ratings Changes

Separately, Jefferies Financial Group lifted their price target on shares of Canacol Energy from C$5.40 to C$5.50 and gave the stock a “hold” rating in a research report on Tuesday, July 16th.

Get Our Latest Research Report on CNE

Canacol Energy Stock Down 1.3 %

The company has a current ratio of 0.97, a quick ratio of 1.34 and a debt-to-equity ratio of 203.67. The stock has a market cap of C$105.74 million, a price-to-earnings ratio of 6.68 and a beta of 0.82. The stock’s 50-day moving average price is C$3.59 and its 200-day moving average price is C$4.20.

Canacol Energy (TSE:CNEGet Free Report) last announced its quarterly earnings results on Thursday, August 8th. The oil and gas exploration company reported C($0.85) EPS for the quarter, missing analysts’ consensus estimates of C$1.15 by C($2.00). The business had revenue of C$129.40 million for the quarter, compared to analysts’ expectations of C$119.69 million. Canacol Energy had a net margin of 3.45% and a return on equity of 3.50%. On average, sell-side analysts expect that Canacol Energy Ltd will post 0.2408551 earnings per share for the current year.

Canacol Energy Company Profile

(Get Free Report)

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.

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