Bonterra Energy Corp (BNE) To Go Ex-Dividend on July 12th

Bonterra Energy Corp (TSE:BNE) declared a monthly dividend on Friday, July 12th, TickerTech reports. Investors of record on Wednesday, July 31st will be paid a dividend of 0.01 per share on Wednesday, July 31st. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date of this dividend is Friday, July 12th.

Shares of TSE BNE traded up C$0.23 during trading hours on Wednesday, reaching C$5.46. 15,892 shares of the stock traded hands, compared to its average volume of 200,843. The stock has a market cap of $168.61 million and a P/E ratio of 34.14. The company has a debt-to-equity ratio of 65.18, a current ratio of 0.44 and a quick ratio of 0.38. Bonterra Energy has a 52-week low of C$4.90 and a 52-week high of C$20.29. The business’s 50-day moving average is C$5.54.

Bonterra Energy (TSE:BNE) last announced its quarterly earnings results on Monday, May 6th. The company reported C$0.04 EPS for the quarter. The company had revenue of C$49.83 million during the quarter, compared to analysts’ expectations of C$52.50 million. Analysts predict that Bonterra Energy will post 0.35 earnings per share for the current year.

Several equities analysts have recently issued reports on BNE shares. Canaccord Genuity reduced their target price on Bonterra Energy from C$9.00 to C$8.00 in a research note on Tuesday. Raymond James dropped their price target on Bonterra Energy from C$12.00 to C$10.00 and set a “strong-buy” rating on the stock in a research report on Tuesday, May 7th. CIBC lifted their price target on Bonterra Energy from C$7.00 to C$8.00 in a research report on Tuesday, April 23rd. AltaCorp Capital upgraded Bonterra Energy from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, April 9th. Finally, TD Securities dropped their price target on Bonterra Energy from C$8.50 to C$7.50 and set a “hold” rating on the stock in a research report on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of C$9.23.

In related news, Director George Frederick Fink purchased 15,000 shares of Bonterra Energy stock in a transaction on Wednesday, May 15th. The stock was acquired at an average price of C$6.68 per share, for a total transaction of C$100,143.00. Following the completion of the transaction, the director now directly owns 3,688,799 shares in the company, valued at approximately C$24,627,159.88. In the last quarter, insiders have purchased 80,000 shares of company stock valued at $464,889.

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 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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