Raymond James Financial Lowers Bonavista Energy (TSE:BNP) to Underperform

Raymond James Financial lowered shares of Bonavista Energy (TSE:BNP) from a market perform rating to an underperform rating in a research report released on Thursday, November 16th. Raymond James Financial currently has C$2.00 price target on the stock, down from their previous price target of C$2.25.

A number of other equities analysts also recently weighed in on the company. National Bank Financial downgraded Bonavista Energy from an outperform market weight rating to a sector perform market weight rating in a research note on Thursday, October 12th. Barclays dropped their price objective on Bonavista Energy from C$3.50 to C$3.00 in a research note on Monday, October 30th. Scotiabank downgraded Bonavista Energy from an outperform rating to a sector perform rating and dropped their price objective for the company from C$4.00 to C$3.50 in a research note on Wednesday, November 15th. TD Securities boosted their target price on shares of Bonavista Energy from C$3.25 to C$3.75 and gave the company a buy rating in a report on Friday, July 28th. Finally, AltaCorp Capital cut shares of Bonavista Energy from an outperform rating to a sector perform rating in a report on Friday, October 6th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of C$4.23.

Bonavista Energy (TSE:BNP) traded down C$0.04 during mid-day trading on Thursday, hitting C$2.29. The stock had a trading volume of 377,970 shares, compared to its average volume of 710,287. Bonavista Energy has a 1 year low of C$2.20 and a 1 year high of C$5.58.

In related news, Director Keith A.J. Macphail sold 55,000 shares of the stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of C$3.09, for a total value of C$169,950.00.

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Bonavista Energy Company Profile

Bonavista Energy Corporation is a resource company engaged in the acquisition, exploration, development and production of oil and natural gas assets. The Company’s West Central Core Area is characterized by natural gas and light oil resources. West Central Core Area is located within the Western Canadian Sedimentary Basin (WCSB) between Calgary and Drayton Valley, Alberta.

Analyst Recommendations for Bonavista Energy (TSE:BNP)

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