Bonavista Energy (TSE:BNP) had its price target reduced by Raymond James from C$0.75 to C$0.60 in a research note released on Thursday, BayStreet.CA reports.
Several other equities research analysts have also recently commented on the stock. CIBC lowered their price target on shares of Toromont Industries from C$70.00 to C$68.00 in a research report on Monday, May 6th. TD Securities decreased their price objective on shares of TRANSAT AT from C$15.00 to C$11.00 and set a hold rating for the company in a report on Friday, May 3rd. National Bank Financial decreased their price objective on shares of Yangarra Resources from C$5.50 to C$5.00 and set an outperform rating for the company in a report on Tuesday, June 25th. Desjardins restated a buy rating and set a C$30.00 price objective on shares of Endeavour Mining in a report on Tuesday, May 7th. Finally, BMO Capital Markets set a $66.00 price objective on shares of CyrusOne and gave the company a buy rating in a report on Friday, May 3rd. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. Bonavista Energy currently has a consensus rating of Hold and an average price target of C$1.13.
Shares of TSE:BNP opened at C$0.44 on Thursday. Bonavista Energy has a one year low of C$0.41 and a one year high of C$1.63. The business’s 50 day simple moving average is C$0.52. The company has a debt-to-equity ratio of 52.15, a quick ratio of 0.44 and a current ratio of 0.80. The firm has a market cap of $112.56 million and a PE ratio of -4.15.
Bonavista Energy (TSE:BNP) last issued its quarterly earnings results on Thursday, May 2nd. The company reported C($0.15) EPS for the quarter. The firm had revenue of C$120.64 million for the quarter. On average, sell-side analysts anticipate that Bonavista Energy will post -0.09 EPS for the current year.
About Bonavista Energy
Bonavista Energy Corporation acquires, develops, and holds interests in oil and natural gas properties and assets in Western Canada. The company was founded in 1987 and is headquartered in Calgary, Canada.
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