Bonterra Energy (TSE:BNE) Given New C$5.50 Price Target at National Bank Financial

Bonterra Energy (TSE:BNE) had its price target cut by National Bank Financial from C$6.00 to C$5.50 in a report released on Thursday, BayStreet.CA reports. They currently have a sector perform rating on the stock.

Several other equities analysts have also recently issued reports on the stock. Raymond James set a C$8.00 price objective on shares of Bonterra Energy and gave the company an outperform rating in a research note on Thursday, August 8th. CIBC dropped their price objective on shares of Bonterra Energy from C$7.00 to C$5.00 in a research note on Tuesday, October 15th. BMO Capital Markets dropped their price objective on shares of Bonterra Energy from C$5.50 to C$4.50 in a research note on Thursday, August 8th. Finally, TD Securities dropped their price objective on shares of Bonterra Energy from C$6.00 to C$5.00 and set a hold rating on the stock in a research note on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. Bonterra Energy presently has an average rating of Hold and an average target price of C$7.73.

BNE traded down C$0.22 during trading on Thursday, hitting C$3.07. The stock had a trading volume of 110,415 shares, compared to its average volume of 162,877. The company has a debt-to-equity ratio of 60.68, a quick ratio of 0.38 and a current ratio of 0.52. The firm has a market capitalization of $109.85 million and a P/E ratio of 5.27. The company’s 50-day moving average price is C$3.86 and its 200 day moving average price is C$4.98. Bonterra Energy has a twelve month low of C$3.02 and a twelve month high of C$11.17.

The business also recently declared a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.01 per share. The ex-dividend date is Thursday, November 14th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 3.91%. Bonterra Energy’s dividend payout ratio (DPR) is presently 82.47%.

In related news, Director George Frederick Fink purchased 5,800 shares of the stock in a transaction dated Wednesday, August 14th. The shares were acquired at an average cost of C$4.32 per share, with a total value of C$25,035.70. Following the purchase, the director now directly owns 3,810,499 shares in the company, valued at approximately C$16,448,018.93. Over the last ninety days, insiders have bought 35,800 shares of company stock worth $141,639.

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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Analyst Recommendations for Bonterra Energy (TSE:BNE)

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