Frontera Energy (FEC) Given Outperform Rating at CIBC
Frontera Energy (TSE:FEC)‘s stock had its “outperform” rating reiterated by equities researchers at CIBC in a research note issued on Friday. They currently have a C$30.00 target price on the stock. CIBC’s target price suggests a potential upside of 59.07% from the stock’s current price.
Other analysts have also issued reports about the company. Canaccord Genuity raised their price target on Frontera Energy from C$30.00 to C$33.00 in a research note on Monday, July 30th. Eight Capital raised their price target on Frontera Energy from C$22.00 to C$26.50 in a research note on Tuesday, July 24th.
TSE:FEC traded up C$0.98 during mid-day trading on Friday, reaching C$18.86. The company’s stock had a trading volume of 91,700 shares, compared to its average volume of 66,176. Frontera Energy has a twelve month low of C$16.25 and a twelve month high of C$23.47.
In other Frontera Energy news, insider Catalyst Capital Group Inc. purchased 40,300 shares of the firm’s stock in a transaction on Thursday, June 7th. The shares were purchased at an average cost of C$36.94 per share, with a total value of C$1,488,682.00. Over the last three months, insiders acquired 156,600 shares of company stock worth $5,248,331.
Frontera Energy Company Profile
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.
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