Canaccord Genuity Remains a Buy on Frontera Energy Corporation


Yesterday, an analyst has provided a rating update for the NA sector company, Frontera Energy Corporation (TSX: FEC). The company received a Buy rating from Canaccord Genuity’s analyst Jenny Xenos, with a C$50 price target.

According to TipRanks.com, Xenos is ranked #115 out of 4830 analysts.

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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Frontera Energy Corporation with a C$46.50 average price target.

The company has a one-year high of C$46.93 and a one-year low of C$31.50. Currently, Frontera Energy Corporation has an average volume of 32.69K.

Frontera Energy Corp. is engaged in the exploration, development, and production of heavy crude oil and natural gas. It also owns and operates light oil assets in Colombia. The firm identifies growth opportunities in Colombia, Peru, Brazil, Guatemala and other countries in the region. The company was founded in 1985 and is headquartered in Toronto, Canada.

The company’s shares closed on Monday at C$35.09.

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