Raymond James Financial Cuts Bonterra Energy (BNE) Price Target to C$22.00

Bonterra Energy (TSE:BNE) had its price objective lowered by Raymond James Financial from C$24.00 to C$22.00 in a research note issued to investors on Monday morning.

A number of other equities research analysts have also issued reports on the company. AltaCorp Capital upgraded Bonterra Energy from a sector perform rating to an outperform rating in a research note on Thursday, December 21st. TD Securities increased their target price on Bonterra Energy from C$18.50 to C$19.50 and gave the company a buy rating in a research note on Thursday, November 9th. National Bank Financial increased their target price on Bonterra Energy from C$21.00 to C$21.50 and gave the company an outperform rating in a research note on Tuesday, January 9th. Finally, BMO Capital Markets downgraded Bonterra Energy from a market perform rating to an underperform rating and reduced their price target for the company from C$16.00 to C$15.00 in a report on Tuesday, October 10th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of C$21.90.

Shares of Bonterra Energy (TSE BNE) opened at C$13.57 on Monday. Bonterra Energy has a 12 month low of C$13.44 and a 12 month high of C$25.89. The stock has a market capitalization of $458.02, a PE ratio of -678.50 and a beta of 1.06.

Bonterra Energy (TSE:BNE) last posted its earnings results on Wednesday, November 8th. The company reported C($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C($0.11) by C$0.02. Bonterra Energy had a negative return on equity of 2.33% and a negative net margin of 7.05%. The business had revenue of C$46.35 million during the quarter, compared to analyst estimates of C$47.60 million.

The firm also recently declared a monthly dividend, which will be paid on Wednesday, February 28th. Investors of record on Thursday, February 15th will be issued a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 8.84%. The ex-dividend date of this dividend is Wednesday, February 14th. Bonterra Energy’s dividend payout ratio is currently -6,000.00%.

In other Bonterra Energy news, insider George Frederick Fink purchased 5,000 shares of Bonterra Energy stock in a transaction that occurred on Thursday, January 18th. The stock was purchased at an average price of C$14.10 per share, with a total value of C$70,500.00. Insiders purchased 15,000 shares of company stock valued at $212,400 in the last three months.

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About Bonterra Energy

Bonterra Energy Corp. (Bonterra) is an oil and gas company. The Company is focused on the development of its Cardium land within the Pembina and Willesden Green areas located in central Alberta. The Company is engaged in the development and production of oil and natural gas in the Western Canadian Sedimentary Basin.

Analyst Recommendations for Bonterra Energy (TSE:BNE)

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