Bonavista Energy (TSE:BNP) Stock Crosses Above 200 Day Moving Average of $0.68

Bonavista Energy Corp (TSE:BNP)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $0.68 and traded as high as $0.48. Bonavista Energy shares last traded at $0.48, with a volume of 46,700 shares trading hands.

BNP has been the topic of several recent analyst reports. Royal Bank of Canada dropped their price target on shares of Bonavista Energy from C$1.50 to C$0.75 in a research note on Thursday, July 18th. BMO Capital Markets dropped their price target on shares of Bonavista Energy from C$0.65 to C$0.60 in a research note on Friday, August 2nd. TD Securities lowered shares of Bonavista Energy from a “buy” rating to a “reduce” rating in a research note on Thursday, August 8th. National Bank Financial increased their price target on shares of Bonavista Energy from C$0.50 to C$0.60 and gave the company a “sector perform” rating in a research note on Friday, August 2nd. Finally, CIBC lowered their target price on shares of Bonavista Energy from C$1.00 to C$0.40 in a research report on Thursday, July 18th. Four analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. Bonavista Energy has a consensus rating of “Sell” and a consensus target price of C$0.89.

The company has a debt-to-equity ratio of 50.71, a current ratio of 0.82 and a quick ratio of 0.31. The firm has a market capitalization of $126.11 million and a PE ratio of 5.70. The business’s 50-day moving average price is C$0.60 and its 200-day moving average price is C$0.68.

Bonavista Energy (TSE:BNP) last announced its earnings results on Thursday, August 1st. The company reported C$0.01 earnings per share (EPS) for the quarter. The business had revenue of C$81.49 million for the quarter. Equities analysts forecast that Bonavista Energy Corp will post -0.12 earnings per share for the current year.

Bonavista Energy Company Profile (TSE:BNP)

Bonavista Energy Corporation acquires, develops, and holds interests in oil and natural gas properties and assets in Western Canada. The company was founded in 1987 and is headquartered in Calgary, Canada.

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