National Bank Financial Trims Bonavista Energy (BNP) Target Price to C$2.25

Bonavista Energy (TSE:BNP) had its price target cut by National Bank Financial from C$3.50 to C$2.25 in a research note issued on Tuesday. The firm presently has a “sector perform” rating on the stock. National Bank Financial’s target price would suggest a potential upside of 17.80% from the stock’s previous close.

Other analysts also recently issued research reports about the stock. GMP Securities cut their price objective on shares of Bonavista Energy from C$3.75 to C$3.25 in a report on Tuesday, November 28th. Raymond James Financial cut their price objective 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. Scotiabank downgraded shares of Bonavista Energy from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from C$4.00 to C$3.50 in a report on Wednesday, November 15th. Barclays cut their price objective on shares of Bonavista Energy from C$3.50 to C$3.00 in a report on Monday, October 30th. Finally, AltaCorp Capital downgraded shares of Bonavista Energy from an “outperform” rating to a “sector perform” rating in a report on Friday, October 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of C$3.53.

Bonavista Energy (BNP) traded up C$0.01 during mid-day trading on Tuesday, reaching C$1.91. 732,259 shares of the company’s stock were exchanged, compared to its average volume of 1,030,211. The firm has a market cap of $505.16, a P/E ratio of 4.24 and a beta of 1.12. Bonavista Energy has a 12 month low of C$1.77 and a 12 month high of C$5.22.

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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.

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