Bonterra Energy (BNE) Upgraded at AltaCorp Capital

AltaCorp Capital upgraded shares of Bonterra Energy (TSE:BNE) from a sector perform rating to an outperform rating in a research report sent to investors on Thursday morning.

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.

The company also recently disclosed a monthly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be issued a $0.10 dividend. The ex-dividend date is Thursday, December 14th. This represents a $1.20 dividend on an annualized basis and a yield of 7.81%. Bonterra Energy’s payout ratio is currently -6,000.00%.

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.

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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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