Bonavista Energy (BNP) Price Target Cut to C$1.60 by Analysts at BMO Capital Markets

Bonavista Energy (TSE:BNP) had its target price cut by BMO Capital Markets from C$1.75 to C$1.60 in a research report sent to investors on Friday morning.

BNP has been the topic of a number of other research reports. National Bank Financial lowered their target price on Bonavista Energy from C$1.65 to C$1.55 in a research note on Friday, October 5th. CIBC lowered their target price on Bonavista Energy from C$1.75 to C$1.65 in a research note on Friday, July 20th. Raymond James lowered their target price on Bonavista Energy from C$1.50 to C$1.25 in a research note on Friday, October 5th. Finally, TD Securities boosted their target price on Bonavista Energy from C$1.70 to C$1.85 in a research note on Friday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of C$2.13.

TSE BNP traded down C$0.01 on Friday, reaching C$1.30. The stock had a trading volume of 629,700 shares, compared to its average volume of 871,762. Bonavista Energy has a 1 year low of C$1.11 and a 1 year high of C$2.96.

Bonavista Energy (TSE:BNP) last issued its earnings results on Tuesday, July 31st. The company reported C$0.01 EPS for the quarter, missing analysts’ consensus estimates of C$0.03 by C($0.02). The business had revenue of C$121.10 million during the quarter.

About Bonavista Energy

Bonavista Energy Corporation acquires, develops, and holds interests in oil and natural gas properties and assets in Western Canada. As of December 31, 2017, its proved reserves totaled 275.0 million barrels of oil equivalent; and proved plus probable reserves were 437.7 million barrels of oil equivalent.

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