Bonterra Energy (TSE:BNE) had its price target reduced by investment analysts at TD Securities from C$8.50 to C$7.00 in a research note issued on Wednesday. The firm currently has a “hold” rating on the stock. TD Securities’ price target indicates a potential upside of 7.36% from the stock’s previous close.
Several other equities analysts have also recently issued reports on BNE. National Bank Financial decreased their price objective on Bonterra Energy from C$23.00 to C$21.00 and set an “outperform” rating for the company in a research note on Thursday, November 8th. Haywood Securities decreased their price objective on Bonterra Energy from C$12.00 to C$10.00 in a research note on Thursday, January 17th. AltaCorp Capital cut Bonterra Energy from an “outperform” rating to a “sector perform” rating in a research note on Thursday, November 8th. Raymond James cut Bonterra Energy from a “strong-buy” rating to an “outperform” rating and decreased their price objective for the company from C$22.50 to C$22.00 in a research note on Wednesday, January 9th. Finally, CIBC decreased their price objective on Bonterra Energy from C$11.00 to C$9.00 and set an “average” rating for the company in a research note on Friday, January 11th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a strong buy rating to the company’s stock. Bonterra Energy currently has a consensus rating of “Hold” and an average target price of C$9.58.
Bonterra Energy stock traded up C$0.21 during midday trading on Wednesday, reaching C$6.52. 168,259 shares of the stock traded hands, compared to its average volume of 280,058. Bonterra Energy has a 12-month low of C$5.31 and a 12-month high of C$20.29. The stock has a market capitalization of $209.01 million and a price-to-earnings ratio of 10.76. The company has a debt-to-equity ratio of 62.98, a current ratio of 0.44 and a quick ratio of 0.36.
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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