Cormark Analysts Raise Earnings Estimates for Bonterra Energy Corp (BNE)

Bonterra Energy Corp (TSE:BNE) – Equities researchers at Cormark boosted their FY2017 earnings per share (EPS) estimates for shares of Bonterra Energy in a note issued to investors on Thursday. Cormark analyst A. Arif now expects that the company will earn $0.12 per share for the year, up from their prior estimate of $0.04. Cormark also issued estimates for Bonterra Energy’s Q4 2017 earnings at $0.11 EPS, Q1 2018 earnings at $0.19 EPS, Q2 2018 earnings at $0.19 EPS, Q3 2018 earnings at $0.18 EPS, Q4 2018 earnings at $0.22 EPS, FY2018 earnings at $0.78 EPS and FY2019 earnings at $0.99 EPS.

Several other equities research analysts have also recently commented on the stock. AltaCorp Capital raised shares of Bonterra Energy from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 21st. TD Securities boosted their price target on shares of Bonterra Energy from C$18.50 to C$19.50 and gave the stock a “buy” rating in a research report on Thursday, November 9th. National Bank Financial upped their target price on shares of Bonterra Energy from C$21.00 to C$21.50 and gave the company an “outperform” rating in a report on Tuesday, January 9th. Raymond James Financial dropped their target price on shares of Bonterra Energy from C$24.00 to C$22.00 in a report on Monday, February 5th. Finally, Eight Capital dropped their target price on shares of Bonterra Energy from C$20.00 to C$18.50 in a report on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of C$21.33.

Shares of Bonterra Energy (TSE BNE) opened at C$13.60 on Monday. Bonterra Energy has a 52-week low of C$12.26 and a 52-week high of C$25.89. The company has a market cap of $453.03, a PE ratio of -680.00 and a beta of 1.06.

The company also recently announced a monthly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Thursday, February 15th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 8.82%. Bonterra Energy’s payout ratio is -6,000.00%.

In other news, insider George Frederick Fink bought 5,000 shares of the company’s stock in a transaction dated Thursday, January 18th. The shares were bought at an average cost of C$14.10 per share, with a total value of C$70,500.00. Over the last ninety days, insiders bought 25,000 shares of company stock worth $345,400.

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About Bonterra Energy

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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