Bonavista Energy Co. (BNP) Receives C$3.69 Consensus Price Target from Analysts

Shares of Bonavista Energy Co. (TSE:BNP) have been given a consensus rating of “Hold” by the nine ratings firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is C$3.69.

Several research firms recently issued reports on BNP. Raymond James Financial cut their price target on shares of Bonavista Energy from C$2.75 to C$2.25 and set a “market perform” rating for the company in a report on Friday, November 3rd. National Bank Financial increased their price target on shares of Bonavista Energy from C$3.00 to C$3.50 and gave the stock a “sector perform” rating in a report on Friday, November 3rd. AltaCorp Capital cut shares of Bonavista Energy from an “outperform” rating to a “sector perform” rating in a report on Friday, October 6th. Barclays cut their price target on shares of Bonavista Energy from C$3.50 to C$3.00 in a report on Monday, October 30th. Finally, Scotiabank cut shares of Bonavista Energy from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from C$4.00 to C$3.50 in a report on Wednesday, November 15th.

Shares of Bonavista Energy (BNP) traded down C$0.14 during trading hours on Monday, hitting C$1.90. 1,441,600 shares of the stock were exchanged, compared to its average volume of 1,104,699. The stock has a market capitalization of $503.83, a PE ratio of 4.22 and a beta of 1.12. Bonavista Energy has a 1-year low of C$1.77 and a 1-year high of C$5.22.

The business also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.04 dividend on an annualized basis and a yield of 2.11%. Bonavista Energy’s dividend payout ratio (DPR) is presently 8.89%.

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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.

Analyst Recommendations for Bonavista Energy (TSE:BNP)

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