Bonterra Energy Corp (TSE:BNE) – Cormark decreased their Q3 2017 earnings per share (EPS) estimates for shares of Bonterra Energy Corp in a report released on Tuesday. Cormark analyst A. Arif now anticipates that the company will post earnings per share of ($0.06) for the quarter, down from their previous forecast of $0.01. Cormark also issued estimates for Bonterra Energy Corp’s Q1 2018 earnings at $0.13 EPS.
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Several other analysts also recently commented on BNE. National Bank Financial decreased their target price on shares of Bonterra Energy Corp from C$22.00 to C$21.00 and set an “outperform” rating for the company in a research report on Thursday, August 17th. BMO Capital Markets downgraded shares of Bonterra Energy Corp from a “market perform” rating to an “underperform” rating and decreased their target price for the stock from C$16.00 to C$15.00 in a research report on Tuesday, October 10th. AltaCorp Capital downgraded shares of Bonterra Energy Corp from an “outperform” rating to a “sector perform” rating in a research report on Thursday, August 10th. Finally, Raymond James Financial, Inc. raised shares of Bonterra Energy Corp from an “outperform” rating to a “strong-buy” rating and set a C$26.00 target price for the company in a research report on Thursday, August 24th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of C$27.78.
Bonterra Energy Corp (TSE BNE) opened at 14.12 on Thursday. The firm’s market cap is $470.34 million. The company’s 50 day moving average is $15.79 and its 200 day moving average is $17.03. Bonterra Energy Corp has a 12-month low of $14.07 and a 12-month high of $29.76.
The company also recently disclosed a monthly dividend, which will be paid on Tuesday, October 31st. Investors of record on Tuesday, October 31st will be issued a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a dividend yield of 8.50%. The ex-dividend date of this dividend is Friday, October 13th.
In other news, insider George Frederick Fink acquired 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 28th. The stock was acquired at an average cost of C$16.77 per share, with a total value of C$100,620.00. Over the last ninety days, insiders have purchased 31,500 shares of company stock valued at $495,220.
Bonterra Energy Corp Company Profile
Bonterra Energy Corp. (Bonterra) is an oil and gas company. The Company is focused on the development of its Cardium land within the Pembina and Willesden Green areas located in central Alberta. The Company is engaged in the development and production of oil and natural gas in the Western Canadian Sedimentary Basin.
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