Frontera Energy (TSE:FEC) had its price objective decreased by Cormark from C$35.00 to C$32.00 in a research report sent to investors on Wednesday morning.

A number of other equities research analysts have also weighed in on the company. Eight Capital raised their price objective on Frontera Energy from C$22.00 to C$26.50 in a research note on Tuesday, July 24th. Canaccord Genuity raised their price objective on Frontera Energy from C$30.00 to C$33.00 in a research note on Monday, July 30th. Finally, CIBC restated an outperform rating and set a C$30.00 price objective on shares of Frontera Energy in a research note on Friday, August 17th.

Shares of TSE:FEC opened at C$17.72 on Wednesday. Frontera Energy has a one year low of C$16.50 and a one year high of C$23.47.

Frontera Energy (TSE:FEC) last announced its earnings results on Friday, August 3rd. The company reported C($0.48) EPS for the quarter, missing the consensus estimate of C($0.36) by C($0.12). The company had revenue of C$540.41 million during the quarter, compared to analyst estimates of C$415.32 million.

In other Frontera Energy news, insider Andrew Kent acquired 2,800 shares of the stock in a transaction on Wednesday, October 10th. The stock was purchased at an average price of C$18.09 per share, for a total transaction of C$50,652.00.

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.

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