Bonterra Energy Corp (BNE) Plans Monthly Dividend of $0.10

Bonterra Energy Corp (TSE:BNE) announced a monthly dividend on Friday, April 13th, TickerTech reports. Investors of record on Monday, April 30th will be paid a dividend of 0.10 per share on Monday, April 30th. This represents a $1.20 dividend on an annualized basis and a yield of 8.17%. The ex-dividend date of this dividend is Friday, April 13th.

Shares of BNE stock opened at C$14.69 on Thursday. Bonterra Energy has a 1-year low of C$12.26 and a 1-year high of C$23.07.

Bonterra Energy (TSE:BNE) last issued its quarterly earnings data on Tuesday, March 13th. The company reported C$0.06 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.07 by C($0.01). Bonterra Energy had a negative net margin of 7.05% and a negative return on equity of 2.33%. The company had revenue of C$54.19 million for the quarter, compared to the consensus estimate of C$53.20 million.

In other Bonterra Energy news, insider George Frederick Fink purchased 5,000 shares of the firm’s stock in a transaction on Monday, January 29th. The stock was bought at an average cost of C$14.53 per share, for a total transaction of C$72,650.00. Over the last quarter, insiders acquired 80,000 shares of company stock valued at $1,085,500.

A number of brokerages recently weighed in on BNE. Raymond James Financial dropped their price objective on Bonterra Energy from C$24.00 to C$22.00 in a research report on Monday, February 5th. CIBC raised their price objective on Bonterra Energy from C$15.00 to C$16.00 in a research report on Tuesday, March 20th. Eight Capital dropped their price objective on Bonterra Energy from C$20.00 to C$18.50 in a research report on Thursday, February 8th. TD Securities dropped their price objective on Bonterra Energy from C$21.00 to C$20.00 and set a “buy” rating on the stock in a research report on Wednesday, March 14th. Finally, National Bank Financial raised their price objective on Bonterra Energy from C$21.00 to C$21.50 and gave the company an “outperform” rating in a research report on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of C$18.83.

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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 land within the Pembina and Willesden Green areas located in central Alberta. The company also holds interests in the Shaunavon area in Saskatchewan, and the Prespatou area of northeast British Columbia.

Dividend History for Bonterra Energy (TSE:BNE)

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