Frontera Energy (FEC) Downgraded to “Hold” at Canaccord Genuity

Canaccord Genuity cut shares of Frontera Energy (TSE:FEC) from a buy rating to a hold rating in a report published on Monday morning. The brokerage currently has C$14.50 price objective on the stock, down from their prior price objective of C$22.00.

Separately, CIBC cut their price objective on shares of Frontera Energy from C$30.00 to C$25.00 in a report on Thursday, November 22nd.

FEC stock opened at C$12.11 on Monday. The stock has a market cap of $1.27 billion and a price-to-earnings ratio of -4.68. Frontera Energy has a one year low of C$10.19 and a one year high of C$21.21. The company has a quick ratio of 1.09, a current ratio of 1.36 and a debt-to-equity ratio of 32.01.

About Frontera Energy

Frontera Energy Corporation explores for, develops, and produces crude oil and natural gas primarily in Colombia and Peru. As of December 31, 2017, it had interests in 38 exploration and production blocks; and total net proved and probable oil and gas reserves of 154.3 million barrels of oil equivalent.

Further Reading: How to find the components of the quick ratio

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