Insider Buying: Bonterra Energy Corp (BNE) Director Buys 15,000 Shares of Stock

Bonterra Energy Corp (TSE:BNE) Director George Frederick Fink purchased 15,000 shares of Bonterra Energy stock in a transaction dated Monday, May 13th. The stock was bought at an average cost of C$6.59 per share, for a total transaction of C$98,899.50. Following the completion of the purchase, the director now directly owns 3,673,799 shares in the company, valued at approximately C$24,222,458.95.

George Frederick Fink also recently made the following trade(s):

  • On Wednesday, May 15th, George Frederick Fink bought 15,000 shares of Bonterra Energy stock. The shares were acquired at an average cost of C$6.68 per share, for a total transaction of C$100,143.00.
  • On Wednesday, April 3rd, George Frederick Fink bought 15,000 shares of Bonterra Energy stock. The shares were acquired at an average cost of C$6.25 per share, for a total transaction of C$93,799.50.
  • On Thursday, March 28th, George Frederick Fink bought 18,000 shares of Bonterra Energy stock. The shares were acquired at an average cost of C$6.36 per share, for a total transaction of C$114,480.00.

Shares of BNE opened at C$6.70 on Thursday. Bonterra Energy Corp has a fifty-two week low of C$5.31 and a fifty-two week high of C$20.29. The company has a market cap of $221.04 million and a P/E ratio of 42.68. The company has a current ratio of 0.44, a quick ratio of 0.38 and a debt-to-equity ratio of 65.18.

Bonterra Energy (TSE:BNE) last announced its quarterly earnings data on Tuesday, March 12th. The company reported C($0.33) EPS for the quarter. The business had revenue of C$34.99 million for the quarter, compared to the consensus estimate of C$65.10 million. On average, research analysts forecast that Bonterra Energy Corp will post 0.32 earnings per share for the current fiscal year.

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 31st will be given a $0.01 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date of this dividend is Tuesday, May 14th. Bonterra Energy’s dividend payout ratio is presently 477.71%.

BNE has been the topic of several recent research reports. Haywood Securities cut their target price on shares of Bonterra Energy from C$12.00 to C$10.00 in a research note on Thursday, January 17th. BMO Capital Markets cut their target price on shares of Bonterra Energy from C$7.00 to C$6.00 and set an “underperform” rating on the stock in a research note on Thursday, February 14th. TD Securities cut their target price on shares of Bonterra Energy from C$8.50 to C$7.00 and set a “hold” rating on the stock in a research note on Wednesday, February 20th. Raymond James reaffirmed a “strong-buy” rating and set a C$14.00 target price on shares of Bonterra Energy in a research note on Thursday, February 14th. Finally, CIBC cut their target price on shares of Bonterra Energy from C$9.00 to C$7.00 in a research note on Friday, February 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of C$9.48.

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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 located in southwest Saskatchewan, and the Prespatou area located in northeast British Columbia.

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Insider Buying and Selling by Quarter for Bonterra Energy (TSE:BNE)

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