Should I buy or sell Canacol Energy stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Canacol Energy in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CNNEF shares. View CNNEF analyst ratings or view top-rated stocks .

How have CNNEF shares performed in 2024?

Canacol Energy's stock was trading at $5.30 at the beginning of 2024. Since then, CNNEF stock has decreased by 36.8% and is now trading at $3.35. View the best growth stocks for 2024 here .

Are investors shorting Canacol Energy?

Canacol Energy saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 134,100 shares, an increase of 32.9% from the March 15th total of 100,900 shares. Based on an average daily volume of 44,300 shares, the days-to-cover ratio is presently 3.0 days. View Canacol Energy's Short Interest .

How were Canacol Energy's earnings last quarter?

Canacol Energy Ltd (OTCMKTS:CNNEF) announced its quarterly earnings results on Thursday, March, 21st. The company reported $0.88 earnings per share (EPS) for the quarter. The business earned $96.99 million during the quarter.

How often does Canacol Energy pay dividends? What is the dividend yield for Canacol Energy?

Canacol Energy declared a dividend on Friday, December 22nd. Stockholders of record on Friday, December 29th will be given a dividend of $0.1952 per share on Monday, January 15th. This represents a yield of 16.61%. The ex-dividend date of this dividend is Thursday, December 28th. This is a positive change from the stock's previous dividend of $0.19. Read our dividend analysis for CNNEF .

Is Canacol Energy a good dividend stock?

Canacol Energy (OTCMKTS:CNNEF) pays an annual dividend of $0.76 per share and currently has a dividend yield of 23.60%. CNNEF has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 30.16%. This payout ratio is at a healthy, sustainable level, below 75%. Read our dividend analysis for CNNEF .

When did Canacol Energy's stock split?

Shares of Canacol Energy reverse split on Saturday, January 21st 2023. The 1-5 reverse split was announced on Saturday, January 21st 2023. The number of shares owned by shareholders was adjusted after the closing bell on Saturday, January 21st 2023. An investor that had 100 shares of stock prior to the reverse split would have 20 shares after the split.

How do I buy shares of Canacol Energy?

Shares of CNNEF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

OTCMKTS:CNNEF

Canacol Energy (CNNEF) Stock Price, News & Analysis

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$3.35

-0.01 (-0.30%)

(As of 04/19/2024 ET)

Compare

Today's Range: $3.35
▼
$3.39
50-Day Range: $3.16
▼
$4.52
52-Week Range: $3.10
▼
$9.30

Volume: 3,946 shs
Average Volume: 13,466 shs
Market Capitalization: $114.24 million

P/E Ratio: 1.33
Dividend Yield: 22.69%
Price Target: N/A

Stock Analysis Analyst Forecasts Chart Dividend Earnings Headlines Short Interest

Get Canacol Energy alerts:

Canacol Energy MarketRank™ Stock Analysis

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
0.39% of Shares Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.65
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.03 out of 5 stars

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for Canacol Energy.

3.0

Short Interest

Percentage of Shares Shorted
0.39% of the outstanding shares of Canacol Energy have been sold short.
Short Interest Ratio / Days to Cover
Canacol Energy has a short interest ratio ("days to cover") of 3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Canacol Energy has recently increased by 32.90%, indicating that investor sentiment is decreasing significantly.

2.5

Dividend Strength

Dividend Leadership
Canacol Energy is a leading dividend payer. It pays a dividend yield of 23.60%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Canacol Energy does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Canacol Energy is 30.16%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CNNEF.

2.6

News and Social Media Coverage

News Sentiment
Canacol Energy has a news sentiment score of 0.65. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.48 average news sentiment score of Energy companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Canacol Energy this week, compared to 0 articles on an average week.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Canacol Energy insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 2.50% of the stock of Canacol Energy is held by insiders.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Canacol Energy is 1.33, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 144.60.
Price to Earnings Ratio vs. Sector
The P/E ratio of Canacol Energy is 1.33, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 94.09.

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About Canacol Energy Stock (OTCMKTS:CNNEF)

Canacol Energy Ltd operates as an oil and gas company in Colombia. It engages in the exploration and development of natural gas. The company was formerly known as BrazAlta Resources Corp. and changed its name to Canacol Energy Ltd in February 2009. The company was incorporated in 1970 and is headquartered in Calgary, Canada. Canacol Energy Ltd operates as a subsidiary of CDS Clearing and Depository Services Inc.

CNNEF Stock Price History

30 days | 90 days | 365 days | Advanced Chart

CNNEF Stock News Headlines

April 19, 2024 | msn.com

Canacol Energy makes gas discovery in Colombian basin

April 18, 2024 | globenewswire.com

Canacol Energy Ltd. Announces New Gas Discovery at Chontaduro 1

April 19, 2024 | Altimetry (Ad)

Secret Bull Market Starts in This Unusual Sector

April 15, 2024 | americanbankingnews.com

Canacol Energy Ltd (OTCMKTS:CNNEF) Short Interest Update

March 27, 2024 | globenewswire.com

Canacol Energy Ltd. Announces New Gas Discovery at Pomelo 1

March 26, 2024 | globenewswire.com

Canacol Energy Ltd. Addresses Concerns Regarding Debt Obligations and Liquidity

March 24, 2024 | seekingalpha.com

Canacol Energy Ltd. (CNNEF) Q4 2023 Earnings Call Transcript

March 23, 2024 | finance.yahoo.com

Canacol Energy Full Year 2023 Earnings: Beats Expectations

April 19, 2024 | Altimetry (Ad)

Secret Bull Market Starts in This Unusual Sector

March 22, 2024 | seekingalpha.com

Canacol Energy GAAP EPS of C$0.88, revenue of C$79.72M

March 21, 2024 | globenewswire.com

Canacol Energy Ltd. Announces 2P Reserves and Deemed Volumes of 607 Bcfe Worth US$2.1B BTAX and 10 Year Reserve Life Index

March 21, 2024 | globenewswire.com

Canacol Energy Ltd. Reports Net Income of $86 million for the Year Ended December 31, 2023

March 20, 2024 | markets.businessinsider.com

Here's what Wall Street expects from Canacol Energy's earnings

March 16, 2024 | wsj.com

Canacol Energy Ltd.

March 13, 2024 | uk.investing.com

Canacol Energy Ltd. (CNNEF)

March 12, 2024 | globenewswire.com

Canacol Energy Ltd. To Announce Fourth Quarter and Fiscal Year 2023 Financial Results on Thursday, March 21, 2024; Hold Conference Call on Friday, March 22, 2024

February 21, 2024 | finance.yahoo.com

Canacol Energy Ltd (CNNEF)

February 21, 2024 | uk.investing.com

Canacol Energy Ltd. (CNE)

February 20, 2024 | finance.yahoo.com

Nevada Lithium Announces Appointment of Dr. David A. Winter to Board of Directors

February 6, 2024 | seekingalpha.com

Canacol Energy: Upbeat Expectations For 2024 With A 17% Dividend Yield

January 22, 2024 | finance.yahoo.com

Canacol Energy Ltd. Provides Gas Sales and Drilling Update

December 30, 2023 | markets.businessinsider.com

Jefferies Keeps Their Hold Rating on Canacol Energy (CNNEF)

December 20, 2023 | msn.com

Canacol Energy Ltd declares CAD 0.26 dividend

December 8, 2023 | finance.yahoo.com

Calculating The Intrinsic Value Of Canacol Energy Ltd (TSE:CNE)

November 19, 2023 | finance.yahoo.com

Berger Montague (Canada) PC invites Investors to discuss their legal rights about investing in Canacol Energy Ltd.

November 9, 2023 | msn.com

Canacol Energy GAAP EPS of -$0.02, revenue of $76.6M

September 23, 2023 | msn.com

Canacol Energy: Buy For The 9.2% Yield, Hold For The Potential Capital Gains

See More Headlines

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Sign-up to receive the latest news and ratings for Canacol Energy and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings: 3/21/2024
Today: 4/19/2024

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Industry, Sector and Symbol

Stock Exchange: OTCMKTS
Sector: Energy
Industry: Oil & Gas E&P
Sub-Industry: N/A
Current Symbol: OTCMKTS:CNNEF
CUSIP: N/A
CIK: N/A
Web: www.canacolenergy.com
Phone: (403) 561-1648
Fax: N/A
Employees: 396
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: 1.33
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: N/A
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: N/A
Return on Assets: N/A

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: N/A
Quick Ratio: N/A

Sales & Book Value

Annual Sales: N/A
Price / Sales: N/A
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: N/A
Price / Book: N/A

Miscellaneous

Outstanding Shares: 34,100,000
Free Float: N/A
Market Cap: $114.24 million
Optionable: Not Optionable
Beta: 0.88

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Key Executives

Dr. Charle A. Gamba B.Sc. (Age 60)
MSc., Ph.D., President, CEO & Director
Comp: $1.32M
Mr. Jason Michael Bednar B.Comm. (Age 53)
CA, Chief Financial Officer
Comp: $913.19k
Mr. Ravi Sharma
Chief Operating Officer
Mr. Anthony Amar Zaidi
VP of Business Development, General Counsel & Corporate Secretary
Ms. Carolina Orozco
Vice President of Investor Relations & Communications
Mr. William M. Satterfield B.Sc. (Age 62)
MA, Senior Vice President of Exploration

Key Competitors

View All Competitors

CNNEF Stock Analysis - Frequently Asked Questions

Should I buy or sell Canacol Energy stock right now?: 3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Canacol Energy in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CNNEF shares.
View CNNEF analyst ratings or view top-rated stocks.
How have CNNEF shares performed in 2024?: Canacol Energy's stock was trading at $5.30 at the beginning of 2024. Since then, CNNEF stock has decreased by 36.8% and is now trading at $3.35.
View the best growth stocks for 2024 here.
Are investors shorting Canacol Energy?: Canacol Energy saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 134,100 shares, an increase of 32.9% from the March 15th total of 100,900 shares. Based on an average daily volume of 44,300 shares, the days-to-cover ratio is presently 3.0 days.
View Canacol Energy's Short Interest.
How were Canacol Energy's earnings last quarter?: Canacol Energy Ltd (OTCMKTS:CNNEF) announced its quarterly earnings results on Thursday, March, 21st. The company reported $0.88 earnings per share (EPS) for the quarter. The business earned $96.99 million during the quarter.

How often does Canacol Energy pay dividends? What is the dividend yield for Canacol Energy?: Canacol Energy declared a dividend on Friday, December 22nd. Stockholders of record on Friday, December 29th will be given a dividend of $0.1952 per share on Monday, January 15th. This represents a yield of 16.61%. The ex-dividend date of this dividend is Thursday, December 28th. This is a positive change from the stock's previous dividend of $0.19.
Read our dividend analysis for CNNEF.
Is Canacol Energy a good dividend stock?: Canacol Energy (OTCMKTS:CNNEF) pays an annual dividend of $0.76 per share and currently has a dividend yield of 23.60%. CNNEF has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 30.16%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for CNNEF.
When did Canacol Energy's stock split?: Shares of Canacol Energy reverse split on Saturday, January 21st 2023. The 1-5 reverse split was announced on Saturday, January 21st 2023. The number of shares owned by shareholders was adjusted after the closing bell on Saturday, January 21st 2023. An investor that had 100 shares of stock prior to the reverse split would have 20 shares after the split.
How do I buy shares of Canacol Energy?: Shares of CNNEF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (OTCMKTS:CNNEF) was last updated on 4/19/2024 by MarketBeat.com Staff

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Canacol Energy (CNNEF) Stock Price, News & Analysis

Canacol Energy MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Company Ownership

Earnings and Valuation

About Canacol Energy Stock (OTCMKTS:CNNEF)

CNNEF Stock Price History

CNNEF Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

CNNEF Stock Analysis - Frequently Asked Questions

Overall MarketRank^™