Bonavista Energy Corp (TSE:BNP) Insider Sime Armoyan Purchases 69,500 Shares of Stock

Bonavista Energy Corp (TSE:BNP) insider Sime Armoyan bought 69,500 shares of the company’s stock in a transaction that occurred on Friday, October 11th. The stock was purchased at an average cost of C$0.48 per share, with a total value of C$33,360.00. Following the acquisition, the insider now directly owns 40,403,600 shares in the company, valued at approximately C$19,393,728.

Sime Armoyan also recently made the following trade(s):

  • On Wednesday, October 9th, Sime Armoyan bought 298,500 shares of Bonavista Energy stock. The stock was purchased at an average cost of C$0.45 per share, with a total value of C$134,325.00.

Shares of BNP stock opened at C$0.49 on Wednesday. The stock has a market cap of $126.11 million and a P/E ratio of 5.70. Bonavista Energy Corp has a 52 week low of C$0.41 and a 52 week high of C$1.51. The company has a quick ratio of 0.31, a current ratio of 0.82 and a debt-to-equity ratio of 50.71. The company’s fifty day simple moving average is C$0.60 and its two-hundred day simple moving average is C$0.66.

Bonavista Energy (TSE:BNP) last announced its quarterly earnings results on Thursday, August 1st. The company reported C$0.01 EPS for the quarter. The company had revenue of C$81.49 million during the quarter. On average, analysts anticipate that Bonavista Energy Corp will post -0.14 EPS for the current fiscal year.

Several research analysts recently weighed in on BNP shares. Royal Bank of Canada dropped their target price on shares of Bonavista Energy from C$1.50 to C$0.75 in a report on Thursday, July 18th. Raymond James reaffirmed an “underperform” rating and issued a C$0.60 target price on shares of Bonavista Energy in a report on Friday, August 2nd. CIBC dropped their target price on shares of Bonavista Energy from C$1.00 to C$0.40 in a report on Thursday, July 18th. TD Securities downgraded shares of Bonavista Energy from a “buy” rating to a “reduce” rating in a report on Thursday, August 8th. Finally, BMO Capital Markets dropped their target price on shares of Bonavista Energy from C$0.65 to C$0.60 in a report on Friday, August 2nd. Four equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. The company has an average rating of “Sell” and a consensus price target of C$0.89.

Bonavista Energy Company Profile

Bonavista Energy Corporation acquires, develops, and holds interests in oil and natural gas properties and assets in Western Canada. The company was founded in 1987 and is headquartered in Calgary, Canada.

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