A number of other research analysts have also issued reports on the company. Raymond James Financial upgraded 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 report on Thursday, August 24th. TD Securities increased their target price on Bonterra Energy from C$18.50 to C$19.50 and gave the company a buy rating in a research report on Thursday, November 9th. Finally, BMO Capital Markets lowered Bonterra Energy from a market perform rating to an underperform rating and decreased their target price for the company from C$16.00 to C$15.00 in a research report on Tuesday, October 10th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of C$22.60.
Bonterra Energy (TSE BNE) opened at C$15.37 on Thursday. Bonterra Energy has a 52-week low of C$13.44 and a 52-week high of C$29.76. The stock has a market capitalization of $511.99, a P/E ratio of -768.50 and a beta of 1.20.
In other news, insider George Frederick Fink acquired 5,000 shares of the firm’s stock in a transaction on Friday, September 29th. The shares were bought at an average price of C$16.43 per share, for a total transaction of C$82,150.00. Insiders acquired a total of 39,000 shares of company stock worth $599,470 in the last 90 days.
COPYRIGHT VIOLATION NOTICE: This piece was posted by Community Financial News and is the sole property of of Community Financial News. If you are viewing this piece on another domain, it was stolen and reposted in violation of international trademark & copyright laws. The correct version of this piece can be viewed at https://www.com-unik.info/2017/12/24/bonterra-energy-bne-upgraded-at-altacorp-capital.html.
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.
What are top analysts saying about Bonterra Energy? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Bonterra Energy and related companies.