Bonterra Energy (BNE) Sets New 1-Year Low Following Analyst Downgrade

Shares of Bonterra Energy Corp (TSE:BNE) reached a new 52-week low during trading on Friday after TD Securities lowered their price target on the stock from C$19.00 to C$14.50. TD Securities currently has a hold rating on the stock. Bonterra Energy traded as low as C$10.38 and last traded at C$10.85, with a volume of 372076 shares. The stock had previously closed at C$11.91.

Several other brokerages also recently issued reports on BNE. Eight Capital upped their price target on shares of Bonterra Energy from C$19.00 to C$19.35 in a report on Thursday, August 9th. Raymond James downgraded shares of Bonterra Energy from a “strong-buy” rating to an “outperform” rating and reduced their price target for the company from C$22.50 to C$22.00 in a report on Friday, October 5th. National Bank Financial reduced their price target on shares of Bonterra Energy from C$23.00 to C$21.00 and set an “outperform” rating on the stock in a report on Thursday. BMO Capital Markets upped their price target on shares of Bonterra Energy from C$17.00 to C$18.00 in a report on Tuesday, October 9th. Finally, AltaCorp Capital downgraded shares of Bonterra Energy from an “outperform” rating to a “sector perform” rating in a report on Thursday.

In other Bonterra Energy news, insider George Frederick Fink purchased 2,500 shares of Bonterra Energy stock in a transaction on Tuesday, September 18th. The shares were bought at an average price of C$17.75 per share, with a total value of C$44,375.00.

The company has a quick ratio of 0.39, a current ratio of 0.52 and a debt-to-equity ratio of 64.57.

Bonterra Energy (TSE:BNE) last posted its quarterly earnings data on Wednesday, August 8th. The company reported C$0.27 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.18 by C$0.09. The firm had revenue of C$60.55 million during the quarter, compared to analyst estimates of C$59.70 million. Equities analysts forecast that Bonterra Energy Corp will post 1.1099999720403 earnings per share for the current fiscal year.

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 30th. Stockholders of record on Thursday, November 15th will be given a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 11.41%. The ex-dividend date of this dividend is Wednesday, November 14th. Bonterra Energy’s dividend payout ratio is presently 351.91%.

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Bonterra Energy Company Profile (TSE:BNE)

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

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