Bonterra Energy Corp Declares Monthly Dividend of $0.01 (BNE)

Bonterra Energy Corp (TSE:BNE) announced a monthly dividend on Thursday, November 29th, Zacks reports. Stockholders of record on Friday, December 14th will be given a dividend of 0.01 per share on Monday, December 31st. This represents a $0.12 annualized dividend and a dividend yield of 1.74%. The ex-dividend date is Thursday, December 13th.

Shares of TSE BNE traded down C$0.24 during midday trading on Friday, hitting C$6.90. The stock had a trading volume of 383,200 shares, compared to its average volume of 152,072. Bonterra Energy has a fifty-two week low of C$6.86 and a fifty-two week high of C$20.29. The company has a debt-to-equity ratio of 62.98, a current ratio of 0.44 and a quick ratio of 0.36.

Bonterra Energy (TSE:BNE) last released its earnings results on Wednesday, November 7th. The company reported C$0.17 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.33 by C($0.16). The firm had revenue of C$63.82 million during the quarter, compared to the consensus estimate of C$69.20 million. On average, sell-side analysts anticipate that Bonterra Energy will post 1.05999999385507 earnings per share for the current fiscal year.

Several equities research analysts have recently commented on BNE shares. TD Securities lowered their target price on Bonterra Energy from C$19.00 to C$14.50 and set a “hold” rating for the company in a research note on Friday, November 9th. Eight Capital decreased their price objective on Bonterra Energy from C$17.50 to C$17.00 in a research note on Thursday, November 8th. BMO Capital Markets decreased their price objective on Bonterra Energy from C$13.50 to C$10.00 in a research note on Friday, November 30th. CIBC decreased their price objective on Bonterra Energy from C$13.00 to C$11.00 in a research note on Friday, November 30th. Finally, AltaCorp Capital cut Bonterra Energy from an “outperform” rating to a “sector perform” rating in a research note on Thursday, November 8th.

In related news, insider George Frederick Fink acquired 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 18th. The stock was acquired at an average cost of C$17.75 per share, with a total value of C$44,375.00. Also, insider Robb Douglas Thompson acquired 4,500 shares of the firm’s stock in a transaction that occurred on Tuesday, December 4th. The shares were bought at an average cost of C$7.66 per share, with a total value of C$34,470.00. Over the last ninety days, insiders have purchased 22,000 shares of company stock valued at $224,895.

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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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Dividend History for Bonterra Energy (TSE:BNE)

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