Bonterra Energy Corp (TSE:BNE) Announces $0.10 Monthly Dividend

Bonterra Energy Corp (TSE:BNE) announced a monthly dividend on Tuesday, November 14th, TickerTech reports. Investors of record on Thursday, November 30th will be given a dividend of 0.10 per share on Thursday, November 30th. This represents a $1.20 annualized dividend and a yield of 8.21%. The ex-dividend date is Tuesday, November 14th.

Bonterra Energy (TSE:BNE) remained flat at $C$14.61 on Tuesday. The company had a trading volume of 103,742 shares, compared to its average volume of 121,104. Bonterra Energy has a one year low of C$13.44 and a one year high of C$29.76.

A number of research analysts have recently commented on the company. BMO Capital Markets lowered Bonterra Energy from a “market perform” rating to an “underperform” rating and cut their price target for the stock from C$16.00 to C$15.00 in a report on Tuesday, October 10th. National Bank Financial cut their price target on Bonterra Energy from C$22.00 to C$21.00 and set an “outperform” rating for the company in a report on Thursday, August 17th. TD Securities upped their price target on Bonterra Energy from C$18.50 to C$19.50 and gave the stock a “buy” rating in a report on Thursday, November 9th. Raymond James Financial upgraded Bonterra Energy from an “outperform” rating to a “strong-buy” rating and set a C$26.00 price target for the company in a report on Thursday, August 24th. Finally, AltaCorp Capital lowered Bonterra Energy from an “outperform” rating to a “sector perform” rating in a report on Thursday, August 10th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Bonterra Energy presently has a consensus rating of “Hold” and an average target price of C$26.28.

In other news, insider George Frederick Fink bought 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 24th. The stock was acquired at an average cost of C$13.81 per share, for a total transaction of C$69,050.00. Insiders purchased 39,000 shares of company stock valued at $599,470 over the last 90 days.

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Bonterra Energy Company Profile

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.

Dividend History for Bonterra Energy (TSE:BNE)

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