Brokerages Set Bonterra Energy Corp (BNE) Price Target at $29.00

Bonterra Energy Corp (TSE:BNE) has been given an average rating of “Hold” by the eleven research firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$27.78.

BNE has been the topic of a number of recent analyst reports. Raymond James Financial, Inc. raised Bonterra Energy Corp from an “outperform” rating to a “strong-buy” rating and set a C$26.00 price objective on the stock in a research note on Thursday, August 24th. AltaCorp Capital downgraded Bonterra Energy Corp from an “outperform” rating to a “sector perform” rating in a research note on Thursday, August 10th. BMO Capital Markets downgraded Bonterra Energy Corp from a “market perform” rating to an “underperform” rating and dropped their price target for the stock from C$16.00 to C$15.00 in a research note on Tuesday. Finally, National Bank Financial dropped their price target on Bonterra Energy Corp from C$22.00 to C$21.00 and set an “outperform” rating on the stock in a research note on Thursday, August 10th.

The company also recently declared a monthly dividend, which will be paid on Tuesday, October 31st. Investors of record on Tuesday, October 31st will be paid a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a yield of 8.24%. The ex-dividend date is Friday, October 13th.

In other news, insider George Frederick Fink purchased 5,000 shares of the company’s stock in a transaction that occurred on Thursday, October 12th. The shares were acquired at an average cost of C$14.55 per share, with a total value of C$72,750.00. Over the last ninety days, insiders have purchased 26,500 shares of company stock worth $424,170.

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About Bonterra Energy Corp

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 Corp (TSE:BNE)

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