A number of other research analysts also recently commented 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. National Bank Financial boosted 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. Eight Capital lowered their target price on Bonterra Energy from C$20.00 to C$18.50 in a research note on Thursday, February 8th. Raymond James Financial lowered their target price on Bonterra Energy from C$24.00 to C$22.00 in a research note on Monday, February 5th. Finally, TD Securities lowered their target price on Bonterra Energy from C$21.00 to C$20.00 and set a buy rating on the stock in a research note on Wednesday, March 14th. One equities research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of Buy and an average price target of C$18.83.
Bonterra Energy (TSE BNE) opened at C$13.50 on Tuesday. Bonterra Energy has a 52 week low of C$12.26 and a 52 week high of C$23.97. The company has a market capitalization of $435.04, a PE ratio of -675.00 and a beta of 1.02.
Bonterra Energy (TSE:BNE) last issued its earnings results on Tuesday, March 13th. The company reported C$0.06 EPS for the quarter, missing analysts’ consensus estimates of C$0.07 by C($0.01). Bonterra Energy had a negative net margin of 7.05% and a negative return on equity of 2.33%. The firm had revenue of C$54.19 million during the quarter, compared to analysts’ expectations of C$53.20 million.
The business also recently declared a monthly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 29th will be given a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 8.89%. Bonterra Energy’s dividend payout ratio is currently -6,000.00%.
In related news, insider George Frederick Fink purchased 5,000 shares of Bonterra Energy stock in a transaction on Monday, January 29th. The stock was bought at an average price of C$14.53 per share, with a total value of C$72,650.00. Insiders acquired 25,000 shares of company stock valued at $345,400 in the last ninety days.
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.
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