Canacol Energy Ltd. Expected to Post Earnings of $0.38 Per Share in FY2022

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According to analysts at Edison Investment Research, Canacol Energy($TSX:CNE) Ltd is expected to post earnings of $0.38 per share in FY2022. The analysts believe that this increase is due to the company’s strong performance in the first half of FY2022. Do you think this will affect CANACOL ENERGY’s market and earnings in the long term? It is difficult to say for sure. However, if the company can maintain its strong performance, there is a good chance that its market share and earnings will continue to grow in the future.

Price History

On Monday, CANACOL ENERGY stock opened at CA$2.3 and closed at CA$2.3, up by 0.4% from previous closing price of 2.3. Canacol Energy Ltd. is a Canadian oil and gas company with operations in Colombia and Ecuador. The company is engaged in the exploration, development and production of crude oil, natural gas and natural gas liquids.

VI Analysis

CANACOL ENERGY is a medium risk investment in terms of financial and business aspects. The company’s fundamentals reflect its long term potential. However, there are some risks associated with the company’s financial and business performance. The company’s financial performance may be affected by its high debt levels. The company’s business performance may be affected by its reliance on a small number of customers and its dependence on a single operating asset. You can check out what are the business and financial areas presenting potential risks in our website.

For more details please visit Risk Rating.

Summary

Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that follow Canacol Energy. Canacol Energy Ltd. is an oil and gas exploration and production company with operations in Colombia and Peru. The company’s principal assets consist of interests in seven exploration and production blocks in Colombia, including four blocks in the Llanos Basin and three blocks in the Putumayo Basin. Canacol is also a partner in the Talara Development Corporation, which operates the Talara oil field in Peru.