Bonavista Energy Corp (TSE:BNP) shares traded down 3.4% during trading on Wednesday . The stock traded as low as C$1.70 and last traded at C$1.70. 339,851 shares were traded during mid-day trading, a decline of 64% from the average session volume of 953,840 shares. The stock had previously closed at C$1.76.
Several research analysts have commented on the stock. Raymond James Financial decreased their target price on shares of Bonavista Energy from C$2.75 to C$2.25 and set a “market perform” rating for the company in a report on Friday, November 3rd. National Bank Financial raised their target price on shares of Bonavista Energy from C$3.00 to C$3.50 and gave the stock a “sector perform” rating in a report on Friday, November 3rd. AltaCorp Capital cut shares of Bonavista Energy from an “outperform” rating to a “sector perform” rating in a report on Friday, October 6th. Barclays decreased their target price on shares of Bonavista Energy from C$3.50 to C$3.00 in a report on Monday, October 30th. Finally, Scotiabank cut shares of Bonavista Energy from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from C$4.00 to C$3.50 in a report on Wednesday, November 15th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of C$3.03.
The stock has a market cap of $454.91, a price-to-earnings ratio of 3.64 and a beta of 1.12.
Bonavista Energy (TSE:BNP) last posted its quarterly earnings results on Thursday, November 2nd. The company reported C$0.06 EPS for the quarter, topping the consensus estimate of C($0.03) by C$0.09. Bonavista Energy had a negative net margin of 1.51% and a negative return on equity of 0.40%.
The business also recently declared a quarterly dividend, which was paid on Monday, January 15th. Investors of record on Friday, December 29th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend was Thursday, December 28th. Bonavista Energy’s dividend payout ratio is currently 8.89%.
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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.
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