Bonavista Energy (TSE:BNP) had its price target reduced by CIBC from C$1.00 to C$0.40 in a research note released on Thursday, BayStreet.CA reports.
Other analysts have also issued reports about the stock. BMO Capital Markets set a $66.00 price objective on shares of CyrusOne and gave the company a buy rating in a research note on Friday, May 3rd. Royal Bank of Canada restated a buy rating and set a $2.50 price objective on shares of in a research note on Thursday. Raymond James restated a hold rating on shares of PrairieSky Royalty in a research note on Thursday, July 11th. National Bank Financial reduced 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 research note on Tuesday, June 25th. Finally, Desjardins restated a buy rating and set a C$30.00 price objective on shares of Endeavour Mining in a research note on Tuesday, May 7th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of Hold and an average target price of C$0.96.
Shares of TSE BNP opened at C$0.44 on Thursday. Bonavista Energy has a 1 year low of C$0.41 and a 1 year high of C$1.63. The stock has a market cap of $112.56 million and a PE ratio of -4.15. The company’s 50-day simple moving average is C$0.49. The company has a debt-to-equity ratio of 52.15, a quick ratio of 0.44 and a current ratio of 0.80.
Bonavista Energy (TSE:BNP) last issued its quarterly earnings results on Thursday, May 2nd. The company reported C($0.15) earnings per share (EPS) for the quarter. The company had revenue of C$120.64 million for the quarter. On average, research analysts anticipate that Bonavista Energy will post -0.0910345 earnings per share 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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