Canacol Energy Ltd (TSE:CNE) Director Charle Gamba Purchases 10,000 Shares

Canacol Energy Ltd (TSE:CNE) Director Charle Gamba acquired 10,000 shares of Canacol Energy stock in a transaction on Friday, May 24th. The shares were purchased at an average cost of C$4.87 per share, with a total value of C$48,700.00.

Canacol Energy Stock Up 3.5 %

Canacol Energy stock traded up C$0.16 during mid-day trading on Friday, hitting C$4.72. 86,327 shares of the company’s stock were exchanged, compared to its average volume of 55,127. Canacol Energy Ltd has a 1-year low of C$4.25 and a 1-year high of C$12.55. The stock has a 50 day moving average of C$4.85 and a two-hundred day moving average of C$5.82. The company has a current ratio of 0.90, a quick ratio of 1.34 and a debt-to-equity ratio of 191.27. The stock has a market cap of C$161.00 million, a P/E ratio of 1.37 and a beta of 0.82.

Canacol Energy (TSE:CNE) last released its quarterly earnings results on Thursday, March 21st. The oil and gas exploration company reported C$1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.72 by C$0.48. Canacol Energy had a return on equity of 22.19% and a net margin of 22.61%. The company had revenue of C$132.05 million during the quarter, compared to the consensus estimate of C$96.48 million. As a group, analysts anticipate that Canacol Energy Ltd will post 0.2408551 EPS for the current fiscal year.

Analysts Set New Price Targets

CNE has been the topic of a number of recent research reports. JPMorgan Chase & Co. downgraded Canacol Energy from a “neutral” rating to an “underperform” rating and set a C$8.00 target price on the stock. in a research note on Monday, April 29th. Jefferies Financial Group lowered their price target on Canacol Energy from C$6.70 to C$5.40 and set a “hold” rating for the company in a research note on Monday, March 25th.

About Canacol Energy

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.