Frontera Energy Corp Expected to Post FY2018 Earnings of $0.30 Per Share (PEG)
Frontera Energy Corp (TSE:PEG) (NASDAQ:PEGI) – Equities researchers at National Bank Financial lowered their FY2018 earnings per share estimates for shares of Frontera Energy Corp in a research report issued on Thursday. National Bank Financial analyst R. Merer now forecasts that the company will post earnings of $0.30 per share for the year, down from their prior estimate of $0.32.
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Separately, Royal Bank Of Canada restated an “outperform” rating and set a C$32.50 price objective on shares of Frontera Energy Corp in a report on Friday, June 30th.
Frontera Energy Corp (PEG) opened at 26.64 on Monday. Frontera Energy Corp has a 52-week low of $23.24 and a 52-week high of $33.00. The company has a 50-day moving average of $26.93 and a 200-day moving average of $27.34.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, September 29th will be issued a dividend of $0.42 per share. The ex-dividend date 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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