Bonterra Energy Corp (TSE:BNE)’s share price shot up 1.2% on Thursday . The stock traded as high as C$14.70 and last traded at C$14.61. 123,544 shares traded hands during trading, a decline of 1% from the average session volume of 125,048 shares. The stock had previously closed at C$14.43.
Several research firms have weighed in on BNE. TD Securities raised their target price on shares of Bonterra Energy from C$18.50 to C$19.50 and gave the company a “buy” rating in a report on Thursday, November 9th. BMO Capital Markets downgraded shares of Bonterra Energy from a “market perform” rating to an “underperform” rating and lowered their price target for the stock from C$16.00 to C$15.00 in a report on Tuesday, October 10th. Finally, AltaCorp Capital upgraded shares of Bonterra Energy from a “sector perform” rating to an “outperform” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of C$22.60.
The stock has a market capitalization of $486.67, a price-to-earnings ratio of -768.50 and a beta of 1.20.
In other news, insider George Frederick Fink purchased 5,000 shares of the stock in a transaction dated Friday, September 29th. The stock was acquired at an average cost of C$16.43 per share, for a total transaction of C$82,150.00. Over the last quarter, insiders have bought 39,000 shares of company stock valued at $599,470.
Bonterra Energy Company Profile
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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