Raymond James set a C$8.00 target price on Bonterra Energy (TSE:BNE) in a report published on Thursday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.
Several other research firms have also recently issued reports on BNE. BMO Capital Markets cut their price target on shares of Bonterra Energy from C$5.50 to C$4.50 in a report on Thursday. Canaccord Genuity dropped their target price on shares of Bonterra Energy from C$9.00 to C$8.00 in a report on Tuesday, July 9th. CIBC dropped their target price on shares of Bonterra Energy from C$8.00 to C$7.00 in a report on Thursday, July 18th. TD Securities dropped their target price on shares of Bonterra Energy from C$6.00 to C$5.00 and set a hold rating on the stock in a report on Thursday. Finally, National Bank Financial dropped their target price on shares of Bonterra Energy from C$9.00 to C$7.50 and set a sector perform rating on the stock in a report on Tuesday, June 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of C$8.53.
BNE traded down C$0.14 during trading on Thursday, hitting C$4.32. The company had a trading volume of 68,103 shares, compared to its average volume of 191,259. The company has a market cap of $154.59 million and a P/E ratio of 27.52. The stock has a 50-day moving average of C$5.13. The company has a current ratio of 0.44, a quick ratio of 0.38 and a debt-to-equity ratio of 65.18. Bonterra Energy has a 1-year low of C$4.00 and a 1-year high of C$20.29.
Bonterra Energy (TSE:BNE) last posted its quarterly earnings results on Monday, May 6th. The company reported C$0.04 earnings per share (EPS) for the quarter. The company had revenue of C$49.83 million during the quarter, compared to analyst estimates of C$52.50 million. Sell-side analysts predict that Bonterra Energy will post 0.35 earnings per share for the current year.
The firm also recently announced a monthly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 30th will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.78%. Bonterra Energy’s dividend payout ratio (DPR) is 477.71%.
In other Bonterra Energy news, Director George Frederick Fink bought 15,000 shares of the company’s stock in a transaction on Monday, May 13th. The shares were bought at an average cost of C$6.59 per share, with a total value of C$98,899.50. Following the completion of the acquisition, the director now owns 3,673,799 shares of the company’s stock, valued at C$24,222,458.95. Insiders have acquired 115,900 shares of company stock worth $650,634 over the last three months.
Bonterra Energy Company Profile
Bonterra Energy Corp., an upstream oil and gas company, engages in the production and sale of crude oil, natural gas, and natural gas liquids. It primarily focuses on the development of its Cardium zone within the Pembina and Willesden Green areas located in west central Alberta. The company also holds interests in the Shaunavon area located in southwest Saskatchewan, and the Prespatou area located in northeast British Columbia.
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