Bonterra Energy Corp (BNE) To Go Ex-Dividend on March 14th

Bonterra Energy Corp (TSE:BNE) announced a monthly dividend on Thursday, March 14th, TickerTech reports. Investors of record on Friday, March 29th will be paid a dividend of 0.01 per share on Friday, March 29th. This represents a $0.12 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend is Thursday, March 14th.

TSE:BNE traded up C$0.28 during trading hours on Wednesday, reaching C$6.02. 118,736 shares of the company were exchanged, compared to its average volume of 270,371. The company has a market capitalization of $191.23 million and a P/E ratio of 9.93. Bonterra Energy has a 1-year low of C$5.31 and a 1-year 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.

In related news, Director George Frederick Fink purchased 8,500 shares of Bonterra Energy stock in a transaction that occurred on Thursday, January 31st. The shares were acquired at an average price of C$6.08 per share, with a total value of C$51,670.65. Following the completion of the transaction, the director now directly owns 3,560,299 shares of the company’s stock, valued at approximately C$21,642,701.59. Insiders have purchased 32,500 shares of company stock worth $188,725 in the last three months.



Several brokerages have recently commented on BNE. TD Securities reduced their target price on Bonterra Energy from C$14.50 to C$10.50 and set a “hold” rating for the company in a research note on Monday, December 3rd. GMP Securities reduced their target price on Bonterra Energy from C$9.50 to C$9.00 in a research note on Thursday, December 13th. National Bank Financial reduced their target price on Bonterra Energy from C$10.25 to C$9.00 and set a “neutral” rating for the company in a research note on Friday, January 11th. Eight Capital reduced their target price on Bonterra Energy from C$17.00 to C$13.75 in a research note on Friday, January 11th. Finally, Raymond James restated a “strong-buy” rating and issued a C$14.00 target price on shares of Bonterra Energy in a research note on Thursday, February 14th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of C$9.58.

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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 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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