Bonavista Energy Corp (TSE:BNP) had its target price reduced by Raymond James Financial, Inc. from C$2.75 to C$2.25 in a research note issued to investors on Friday morning. They currently have a market perform rating on the stock.
Other equities research analysts have also recently issued research reports about the stock. TD Securities lifted their price target on shares of Bonavista Energy Corp from C$3.25 to C$3.75 and gave the company a buy rating in a research note on Friday, July 28th. National Bank Financial cut shares of Bonavista Energy Corp from an outperform market weight rating to a sector perform market weight rating in a research note on Thursday, October 12th. Barclays PLC dropped their price target on shares of Bonavista Energy Corp from C$4.00 to C$3.50 in a research note on Monday, July 24th. Finally, AltaCorp Capital cut shares of Bonavista Energy Corp from an outperform rating to a sector perform rating in a research note on Friday, October 6th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of C$4.64.
Shares of Bonavista Energy Corp (BNP) opened at C$2.82 on Friday. Bonavista Energy Corp has a one year low of C$2.21 and a one year high of C$5.58.
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The firm also recently announced a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Friday, September 29th were paid a dividend of $0.01 per share. The ex-dividend date was Thursday, September 28th. This represents a $0.04 annualized dividend and a yield of 1.42%.
In other Bonavista Energy Corp news, insider Wayne Edward Merkel sold 20,000 shares of Bonavista Energy Corp stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of C$2.78, for a total transaction of C$55,600.00. Also, Director Keith A.J. Macphail sold 55,000 shares of Bonavista Energy Corp stock in a transaction on Friday, September 22nd. The stock was sold at an average price of C$3.09, for a total transaction of C$169,950.00. In the last ninety days, insiders have sold 78,000 shares of company stock worth $234,610.
About Bonavista Energy Corp
Bonavista Energy Corporation is a resource company engaged in the acquisition, exploration, development and production of oil and natural gas assets. The Company’s West Central Core Area is characterized by natural gas and light oil resources. West Central Core Area is located within the Western Canadian Sedimentary Basin (WCSB) between Calgary and Drayton Valley, Alberta.
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