TD Securities Trims Bonterra Energy (BNE) Target Price to C$20.00

Bonterra Energy (TSE:BNE) had its price objective cut by research analysts at TD Securities from C$21.00 to C$20.00 in a note issued to investors on Wednesday, March 14th. The brokerage presently has a “buy” rating on the stock. TD Securities’ target price indicates a potential upside of 41.04% from the company’s current price.

Several other brokerages have also recently issued reports on BNE. Raymond James Financial cut their price target on Bonterra Energy from C$24.00 to C$22.00 in a research note on Monday, February 5th. Eight Capital cut their price target on Bonterra Energy from C$20.00 to C$18.50 in a research note on Thursday, February 8th. National Bank Financial boosted their price target on Bonterra Energy from C$21.00 to C$21.50 and gave the company an “outperform” rating in a research note on Tuesday, January 9th. Finally, AltaCorp Capital upgraded Bonterra Energy from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 21st. One equities research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of C$18.83.

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TSE BNE traded down C$0.43 during trading on Wednesday, reaching C$14.18. 111,256 shares of the company’s stock were exchanged, compared to its average volume of 141,168. Bonterra Energy has a fifty-two week low of C$12.26 and a fifty-two week high of C$23.39.

Bonterra Energy (TSE:BNE) last issued its quarterly earnings data on Tuesday, March 13th. The company reported C$0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.07 by C($0.01). Bonterra Energy had a negative return on equity of 2.33% and a negative net margin of 7.05%. The firm had revenue of C$54.19 million for the quarter, compared to the consensus estimate of C$53.20 million.

In other Bonterra Energy news, insider George Frederick Fink bought 10,000 shares of the business’s stock in a transaction on Tuesday, April 3rd. The stock was purchased at an average cost of C$13.17 per share, for a total transaction of C$131,700.00. Insiders have acquired 65,000 shares of company stock valued at $873,700 over the last 90 days.

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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 land within the Pembina and Willesden Green areas located in central Alberta. The company also holds interests in the Shaunavon area in Saskatchewan, and the Prespatou area of northeast British Columbia.

Analyst Recommendations for Bonterra Energy (TSE:BNE)

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