Bonterra Energy (BNE) PT Lowered to C$10.00

Bonterra Energy (TSE:BNE) had its price target trimmed by BMO Capital Markets from C$13.50 to C$10.00 in a research report report published on Friday morning.

Several other research analysts have also weighed in on BNE. Eight Capital upped their target price on Bonterra Energy from C$19.00 to C$19.35 in a research report on Thursday, August 9th. CIBC dropped their target price on Bonterra Energy from C$13.00 to C$11.00 in a research report on Friday. TD Securities dropped their target price on Bonterra Energy from C$19.00 to C$14.50 and set a hold rating on the stock in a research report on Friday, November 9th. AltaCorp Capital lowered Bonterra Energy from an outperform rating to a sector perform rating in a research report on Thursday, November 8th. Finally, National Bank Financial dropped their target price on Bonterra Energy from C$23.00 to C$21.00 and set an outperform rating on the stock in a research report on Thursday, November 8th.

Shares of BNE stock opened at C$7.83 on Friday. The company has a debt-to-equity ratio of 62.98, a quick ratio of 0.36 and a current ratio of 0.44. Bonterra Energy has a fifty-two week low of C$6.86 and a fifty-two week high of C$20.29.

Bonterra Energy (TSE:BNE) last issued its earnings results on Wednesday, November 7th. The company reported C$0.17 earnings per share for the quarter, missing the consensus estimate of C$0.33 by C($0.16). The business had revenue of C$63.82 million during the quarter, compared to the consensus estimate of C$69.20 million. Research analysts anticipate that Bonterra Energy will post 1.02999996579821 earnings per share for the current fiscal year.

The business also recently disclosed a monthly dividend, which was paid on Friday, November 30th. Stockholders of record on Thursday, November 15th were issued a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 15.33%. The ex-dividend date was Wednesday, November 14th. Bonterra Energy’s dividend payout ratio is 198.02%.

In related news, insider George Frederick Fink acquired 10,000 shares of the stock in a transaction dated Thursday, November 15th. The shares were acquired at an average price of C$10.03 per share, with a total value of C$100,300.00. In the last three months, insiders have bought 17,500 shares of company stock worth $190,425.

About Bonterra Energy

Bonterra Energy Corp., an upstream oil and gas company, engages in the production and sale of crude oil, natural gas, and natural gas liquids. It primarily focuses on the development of its Cardium zone within the Pembina and Willesden Green areas located in west central Alberta. The company also holds interests in the Shaunavon area in Saskatchewan, and the Prespatou area of northeast British Columbia.

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