Bonterra Energy (TSE:BNE) Stock Price Crosses Above 200 Day Moving Average of $5.83

Bonterra Energy Corp. (TSE:BNE) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$5.83 and traded as high as C$6.62. Bonterra Energy shares last traded at C$6.46, with a volume of 26,455 shares.

Analysts Set New Price Targets

A number of analysts have recently issued reports on BNE shares. Stifel Nicolaus raised their price target on shares of Bonterra Energy from C$8.00 to C$8.25 and gave the stock a “buy” rating in a report on Tuesday, March 5th. Raymond James cut their target price on Bonterra Energy from C$10.00 to C$8.50 and set a “market perform” rating on the stock in a research report on Friday, January 19th.

Bonterra Energy Trading Down 3.1 %

The company has a market cap of C$231.45 million, a PE ratio of 5.18 and a beta of 2.85. The company has a quick ratio of 0.21, a current ratio of 0.65 and a debt-to-equity ratio of 26.67. The business has a 50-day simple moving average of C$5.77 and a 200-day simple moving average of C$5.83.

Bonterra Energy (TSE:BNE) last posted its quarterly earnings results on Thursday, March 7th. The company reported C$0.40 EPS for the quarter, topping the consensus estimate of C$0.31 by C$0.09. The business had revenue of C$81.74 million during the quarter. Bonterra Energy had a net margin of 16.44% and a return on equity of 8.92%. On average, analysts predict that Bonterra Energy Corp. will post 1.0653595 EPS for the current fiscal year.

Insiders Place Their Bets

In other Bonterra Energy news, Director John Campbell sold 15,000 shares of the business’s stock in a transaction on Friday, April 5th. The shares were sold at an average price of C$6.82, for a total value of C$102,300.00. In other news, Director Donald Michael Godfrey Stewart bought 5,226 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was purchased at an average price of C$5.89 per share, for a total transaction of C$30,776.96. Also, Director John Campbell sold 15,000 shares of the business’s stock in a transaction on Friday, April 5th. The stock was sold at an average price of C$6.82, for a total transaction of C$102,300.00. Insiders acquired a total of 11,926 shares of company stock worth $71,542 over the last 90 days. Corporate insiders own 13.89% of the company’s stock.

Bonterra Energy Company Profile

Bonterra Energy Corp., a conventional oil and gas company, engages in the development and production of oil and natural gas in Canada. Its principal properties include Pembina Cardium, a conventional oil field, at the Pembina and Willesden green fields located in central Alberta; and holds 100% interest in the Montney properties that consist of approximately 28,880 acres located in the north of Grand Prairie, Alberta.