Frontera Energy Corp (PEG) to Post Q3 2017 Earnings of ($0.25) Per Share, National Bank Financial Forecasts
Frontera Energy Corp (TSE:PEG) (NASDAQ:PEGI) – Analysts at National Bank Financial reduced their Q3 2017 earnings estimates for shares of Frontera Energy Corp in a research note issued to investors on Sunday. National Bank Financial analyst R. Merer now forecasts that the company will earn ($0.25) per share for the quarter, down from their prior estimate of ($0.20).
Separately, Royal Bank Of Canada restated an “outperform” rating and issued a C$32.50 target price on shares of Frontera Energy Corp in a research note on Friday, June 30th.
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Shares of Frontera Energy Corp (TSE PEG) opened at 26.64 on Wednesday. The firm has a 50-day moving average price of $26.93 and a 200 day moving average price of $27.34. Frontera Energy Corp has a one year low of $23.24 and a one year high of $33.00.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, September 29th will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.68 annualized dividend and a yield of 6.31%.
About Frontera Energy Corp
Frontera Energy Corp, formerly Pacific Exploration & Production Corp, is a Canada-based oil and gas company. It is engaged in the exploration, development, and production of crude oil and natural gas primarily in Colombia and Peru. It has a diversified portfolio of assets with interests in more than 50 blocks.
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