Bonterra Energy (TSE:BNE) had its price target reduced by National Bank Financial from C$23.00 to C$21.00 in a report released on Thursday. National Bank Financial currently has an outperform rating on the stock.
BNE has been the subject of several other research reports. CIBC boosted their price target on shares of Bonterra Energy from C$16.50 to C$18.00 in a report on Friday, July 20th. BMO Capital Markets boosted their price target on shares of Bonterra Energy from C$17.00 to C$18.00 in a report on Tuesday, October 9th. TD Securities lowered shares of Bonterra Energy from a buy rating to a hold rating and boosted their price target for the company from C$19.00 to C$19.50 in a report on Friday, August 10th. Raymond James lowered 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. Finally, Eight Capital boosted their price target on shares of Bonterra Energy from C$19.00 to C$19.35 in a report on Thursday, August 9th.
Shares of BNE opened at C$10.52 on Thursday. Bonterra Energy has a 1-year low of C$10.38 and a 1-year high of C$20.29. The company has a debt-to-equity ratio of 64.57, a current ratio of 0.52 and a quick ratio of 0.39.
Bonterra Energy (TSE:BNE) last announced 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 company had revenue of C$60.55 million for the quarter, compared to the consensus estimate of C$59.70 million. On average, equities research analysts expect that Bonterra Energy will post 1.1099999720403 EPS for the current year.
The firm also recently declared a monthly dividend, which will be paid on Friday, November 30th. Stockholders of record on Thursday, November 15th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 11.41%. Bonterra Energy’s dividend payout ratio is currently 351.91%.
In other Bonterra Energy news, insider George Frederick Fink purchased 2,500 shares of Bonterra Energy stock in a transaction dated Tuesday, September 18th. The stock was acquired at an average price of C$17.75 per share, for a total transaction of C$44,375.00.
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 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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