Canacol Energy Ltd (CNE) Insider Anthony Amar Zaidi Sells 115,200 Shares

Canacol Energy Ltd (TSE:CNE) insider Anthony Amar Zaidi sold 115,200 shares of the firm’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of C$4.30, for a total value of C$495,360.00.

Shares of Canacol Energy Ltd (CNE) traded down C$0.06 on Monday, reaching C$4.36. The company’s stock had a trading volume of 75,303 shares, compared to its average volume of 176,851. Canacol Energy Ltd has a 1-year low of C$3.62 and a 1-year high of C$4.76. The stock has a market cap of $779.77, a P/E ratio of 27.13 and a beta of 0.04.

Canacol Energy (TSE:CNE) last issued its earnings results on Tuesday, November 14th. The oil and gas exploration company reported C($0.01) EPS for the quarter. Canacol Energy had a negative net margin of 4.12% and a negative return on equity of 1.57%.

A number of research firms recently weighed in on CNE. Scotiabank reaffirmed an “outperform” rating and set a C$6.25 price objective on shares of Canacol Energy in a research report on Tuesday, December 5th. Eight Capital reduced their price objective on Canacol Energy from C$7.00 to C$6.75 in a research report on Wednesday, December 20th. Finally, CIBC lowered Canacol Energy from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from C$5.50 to C$5.00 in a research report on Thursday, November 16th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Canacol Energy presently has a consensus rating of “Buy” and a consensus price target of C$5.80.

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About Canacol Energy

Canacol Energy Ltd. is a Canada-based oil and gas exploration and production company. The Company is engaged in petroleum and natural gas exploration and development activities in Colombia and Ecuador. It owns approximately 0.5% interest in Oleoducto Bicentenario de Colombia (OBC), which owns a pipeline system that focuses on linking Llanos basin oil production to the Cano Limon oil pipeline system.

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