Frontera Energy Co. to Issue Quarterly Dividend of $0.06 (TSE:FEC)

Frontera Energy Co. (TSE:FEC) announced a quarterly dividend on Wednesday, May 8th, Zacks reports. Stockholders of record on Wednesday, July 3rd will be given a dividend of 0.063 per share on Wednesday, July 17th. This represents a $0.25 annualized dividend and a dividend yield of 2.78%. The ex-dividend date of this dividend is Wednesday, July 3rd.

Frontera Energy Stock Performance

TSE:FEC opened at C$9.05 on Friday. The stock has a 50-day simple moving average of C$8.53 and a two-hundred day simple moving average of C$8.61. The company has a debt-to-equity ratio of 29.34, a quick ratio of 0.72 and a current ratio of 0.89. Frontera Energy has a 52-week low of C$7.32 and a 52-week high of C$12.41. The firm has a market capitalization of C$767.53 million, a PE ratio of 3.04, a P/E/G ratio of 0.06 and a beta of 1.98.

Frontera Energy (TSE:FEC) last released its quarterly earnings data on Thursday, March 7th. The company reported C$1.42 earnings per share (EPS) for the quarter. Frontera Energy had a net margin of 16.85% and a return on equity of 11.26%. The firm had revenue of C$316.18 million for the quarter. Analysts forecast that Frontera Energy will post 2.0741627 EPS for the current year.

Analysts Set New Price Targets

Separately, Cormark dropped their target price on shares of Frontera Energy from C$12.00 to C$11.50 in a research report on Friday, February 16th.

About Frontera Energy

Frontera Energy Corporation engages in the exploration, development, production, transportation, storage, and sale of crude oil and natural gas in South America. The company has a portfolio of assets, which consists of interests in 24 exploration and production blocks in Colombia, Ecuador, and Guyana; and in pipeline and port facilities in Colombia.