Canacol Energy (TSE:CNE) Hits New 1-Year Low – Should You Sell?

Shares of Canacol Energy Ltd (TSE:CNE) hit a new 52-week low during trading on Wednesday . The company traded as low as C$2.86 and last traded at C$2.88, with a volume of 12162 shares trading hands. The stock had previously closed at C$2.90.

Analysts Set New Price Targets

Separately, Jefferies Financial Group upped their price objective on Canacol Energy from C$5.40 to C$5.50 and gave the company a “hold” rating in a research note on Tuesday, July 16th.

Canacol Energy Trading Down 2.4 %

The company has a market cap of C$96.53 million, a price-to-earnings ratio of 6.17 and a beta of 0.82. The business’s fifty day moving average price is C$3.48 and its 200 day moving average price is C$4.15. The company has a debt-to-equity ratio of 203.67, a current ratio of 0.97 and a quick ratio of 1.34.

Canacol Energy (TSE:CNE) last posted its quarterly earnings results on Thursday, August 8th. The oil and gas exploration company reported C($0.85) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.15 by C($2.00). Canacol Energy had a return on equity of 3.50% and a net margin of 3.45%. The business had revenue of C$129.40 million for the quarter, compared to the consensus estimate of C$119.69 million. Research analysts anticipate that Canacol Energy Ltd will post 0.2408551 earnings per share for the current fiscal year.

Canacol Energy Company Profile

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.