Shares of Bonterra Energy Corp (TSE:BNE) have earned a consensus recommendation of “Buy” from the six brokerages that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is C$22.60.
BNE has been the topic of a number of recent research reports. Raymond James Financial raised Bonterra Energy from an “outperform” rating to a “strong-buy” rating and set a C$26.00 target price on the stock in a research note on Thursday, August 24th. BMO Capital Markets lowered Bonterra Energy from a “market perform” rating to an “underperform” rating and reduced their target price for the company from C$16.00 to C$15.00 in a research note on Tuesday, October 10th. TD Securities increased their price target on Bonterra Energy from C$18.50 to C$19.50 and gave the stock a “buy” rating in a research note on Thursday, November 9th. Finally, AltaCorp Capital raised Bonterra Energy from a “sector perform” rating to an “outperform” rating in a research note on Thursday.
In other news, insider George Frederick Fink bought 6,000 shares of the company’s stock in a transaction that occurred on Thursday, September 28th. The shares were purchased at an average price of C$16.77 per share, for a total transaction of C$100,620.00. In the last ninety days, insiders purchased 39,000 shares of company stock valued at $599,470.
The business also recently announced a monthly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be paid a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.81%. The ex-dividend date of this dividend is Thursday, December 14th. Bonterra Energy’s dividend payout ratio (DPR) is currently -6,000.00%.
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About Bonterra Energy
Bonterra Energy Corp. (Bonterra) is an oil and gas company. The Company is focused on the development of its Cardium land within the Pembina and Willesden Green areas located in central Alberta. The Company is engaged in the development and production of oil and natural gas in the Western Canadian Sedimentary Basin.
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