Shares of Bonavista Energy Co. (TSE:BNP) hit a new 52-week low during trading on Thursday . The company traded as low as C$1.81 and last traded at C$1.86, with a volume of 668956 shares changing hands. The stock had previously closed at C$1.84.
BNP has been the subject of a number of research analyst reports. Raymond James Financial decreased their price target on Bonavista Energy from C$2.75 to C$2.25 and set a “market perform” rating for the company in a research report on Friday, November 3rd. National Bank Financial increased their price target on Bonavista Energy from C$3.00 to C$3.50 and gave the company a “sector perform” rating in a research report on Friday, November 3rd. AltaCorp Capital downgraded Bonavista Energy from an “outperform” rating to a “sector perform” rating in a research report on Friday, October 6th. GMP Securities decreased their price target on Bonavista Energy from C$3.75 to C$3.25 in a research report on Tuesday, November 28th. Finally, Scotiabank downgraded Bonavista Energy from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from C$4.00 to C$3.50 in a research report on Wednesday, November 15th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. Bonavista Energy presently has an average rating of “Hold” and a consensus target price of C$4.23.
In other news, Director Keith A.J. Macphail sold 55,000 shares of Bonavista Energy stock in a transaction on Friday, September 22nd. The stock was sold at an average price of C$3.09, for a total value of C$169,950.00.
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Bonavista Energy Company Profile
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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