Bonterra Energy Corp (TSE:BNE) Receives C$8.93 Average PT from Brokerages

Shares of Bonterra Energy Corp (TSE:BNE) have received an average recommendation of “Buy” from the eleven brokerages that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$8.53.

A number of equities analysts have commented on BNE shares. Canaccord Genuity decreased their price target on Bonterra Energy from C$9.00 to C$8.00 in a research note on Tuesday, July 9th. CIBC decreased their price target on Bonterra Energy from C$8.00 to C$7.00 in a research note on Thursday, July 18th. TD Securities decreased their price target on Bonterra Energy from C$6.00 to C$5.00 and set a “hold” rating on the stock in a research note on Thursday. Raymond James set a C$8.00 price target on Bonterra Energy and gave the stock an “outperform” rating in a research note on Thursday. Finally, BMO Capital Markets decreased their price target on Bonterra Energy from C$5.50 to C$4.50 in a research note on Thursday.

Bonterra Energy stock traded down C$0.11 during trading hours on Thursday, reaching C$4.35. The company had a trading volume of 90,500 shares, compared to its average volume of 191,417. The company has a debt-to-equity ratio of 60.68, a quick ratio of 0.38 and a current ratio of 0.52. The stock has a 50-day simple moving average of C$5.11. The stock has a market cap of $145.24 million and a price-to-earnings ratio of 7.45. Bonterra Energy has a 12-month low of C$4.00 and a 12-month high of C$20.29.

The firm also recently disclosed a monthly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 30th will be given a $0.01 dividend. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.76%. Bonterra Energy’s dividend payout ratio is currently 20.55%.

In other Bonterra Energy news, Director George Frederick Fink acquired 5,900 shares of the business’s stock in a transaction dated Friday, July 19th. The shares were purchased at an average cost of C$5.14 per share, for a total transaction of C$30,298.27. Following the transaction, the director now owns 3,784,699 shares in the company, valued at C$19,435,564.77. Over the last quarter, insiders bought 115,900 shares of company stock worth $650,634.

Bonterra Energy Company Profile

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 located in southwest Saskatchewan, and the Prespatou area located in northeast British Columbia.

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Analyst Recommendations for Bonterra Energy (TSE:BNE)

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