Bonterra Energy (TSE:BNE) had its price target upped by National Bank Financial from C$21.00 to C$21.50 in a research report report published on Tuesday morning. They currently have an outperform rating on the stock.
BNE has been the topic of several other research reports. TD Securities lifted 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. BMO Capital Markets cut Bonterra Energy from a market perform rating to an underperform rating and lowered their target price for the company from C$16.00 to C$15.00 in a research note on Tuesday, October 10th. Finally, AltaCorp Capital raised Bonterra Energy from a sector perform rating to an outperform rating in a research note on Thursday, December 21st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of C$22.70.
Bonterra Energy (BNE) opened at C$15.07 on Tuesday. Bonterra Energy has a 12 month low of C$13.44 and a 12 month high of C$27.10. The firm has a market capitalization of $503.66, a PE ratio of -753.50 and a beta of 1.20.
The company also recently declared a monthly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Monday, January 15th will be issued a dividend of $0.10 per share. The ex-dividend date is Friday, January 12th. This represents a $1.20 annualized dividend and a dividend yield of 7.96%. Bonterra Energy’s dividend payout ratio is -6,000.00%.
In other news, insider George Frederick Fink purchased 2,500 shares of Bonterra Energy stock in a transaction dated Thursday, October 19th. The stock was acquired at an average cost of C$14.08 per share, for a total transaction of C$35,200.00. Over the last quarter, insiders have bought 12,500 shares of company stock valued at $175,300.
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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.
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