Bonterra Energy Corp (TSE:BNE) Declares $0.01 Monthly Dividend

Bonterra Energy Corp (TSE:BNE) announced a monthly dividend on Monday, June 3rd, Zacks reports. Investors of record on Friday, June 14th will be given a dividend of 0.01 per share on Friday, June 28th. This represents a $0.12 annualized dividend and a dividend yield of 2.28%. The ex-dividend date of this dividend is Thursday, June 13th.

Shares of BNE stock traded down C$0.04 on Wednesday, hitting C$5.26. The stock had a trading volume of 27,658 shares, compared to its average volume of 216,568. The company has a current ratio of 0.44, a quick ratio of 0.38 and a debt-to-equity ratio of 65.18. The company has a market capitalization of $184.31 million and a PE ratio of 33.12. Bonterra Energy has a 1 year low of C$5.12 and a 1 year high of C$20.29.

Bonterra Energy (TSE:BNE) last posted its quarterly earnings data on Monday, May 6th. The company reported C$0.04 earnings per share (EPS) for the quarter. The firm had revenue of C$49.83 million during the quarter, compared to analysts’ expectations of C$52.50 million. Research analysts predict that Bonterra Energy will post 0.32 EPS for the current fiscal year.

Several research firms recently issued reports on BNE. TD Securities cut their price objective on Bonterra Energy from C$8.50 to C$7.00 and set a “hold” rating on the stock in a report on Wednesday, February 20th. Raymond James cut their price objective on Bonterra Energy from C$12.00 to C$10.00 and set a “strong-buy” rating on the stock in a report on Tuesday, May 7th. BMO Capital Markets cut their price objective on Bonterra Energy from C$7.00 to C$6.00 and set an “underperform” rating on the stock in a report on Thursday, February 14th. CIBC boosted their price objective on Bonterra Energy from C$7.00 to C$8.00 in a report on Tuesday, April 23rd. Finally, AltaCorp Capital raised Bonterra Energy from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, April 9th. One analyst has rated the stock with a sell rating, three have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of C$9.48.

In related news, Director George Frederick Fink bought 15,000 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was purchased at an average cost of C$6.68 per share, with a total value of C$100,143.00. Following the purchase, the director now directly owns 3,688,799 shares of the company’s stock, valued at approximately C$24,627,159.88. Insiders have purchased a total of 83,000 shares of company stock valued at $518,847 over the last three months.

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

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Dividend History for Bonterra Energy (TSE:BNE)

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