Canacol Energy Ltd (TSE:CNE – Get Free Report) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$2.76 and last traded at C$2.79, with a volume of 7655 shares. The stock had previously closed at C$2.79.
Wall Street Analysts Forecast Growth
Separately, Jefferies Financial Group lifted their price target on shares of Canacol Energy from C$5.40 to C$5.50 and gave the company a “hold” rating in a research note on Tuesday, July 16th.
Read Our Latest Research Report on CNE
Canacol Energy Price Performance
Canacol Energy (TSE:CNE – Get Free Report) last announced its earnings results on Thursday, August 8th. The oil and gas exploration company reported C($0.85) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.15 by C($2.00). Canacol Energy had a net margin of 3.45% and a return on equity of 3.50%. The firm had revenue of C$129.40 million during the quarter, compared to analyst estimates of C$119.69 million. Research analysts expect that Canacol Energy Ltd will post 0.2408551 EPS for the current year.
Canacol Energy Company Profile
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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