Bonavista Energy Corp (BNP) Lowered to Sector Perform at Scotiabank

Scotiabank cut shares of Bonavista Energy Corp (TSE:BNP) from an outperform rating to a sector perform rating in a research note released on Wednesday morning. The brokerage currently has C$3.50 target price on the stock, down from their previous target price of C$4.00.

Other research analysts have also issued research reports about the stock. Barclays PLC dropped their price target on shares of Bonavista Energy Corp from C$3.50 to C$3.00 in a research report on Monday, October 30th. TD Securities raised their price objective on shares of Bonavista Energy Corp from C$3.25 to C$3.75 and gave the stock a buy rating in a report on Friday, July 28th. Raymond James Financial, Inc. dropped their price objective on shares of Bonavista Energy Corp from C$2.75 to C$2.25 and set a market perform rating for the company in a report on Friday, November 3rd. AltaCorp Capital lowered shares of Bonavista Energy Corp from an outperform rating to a sector perform rating in a report on Friday, October 6th. Finally, National Bank Financial raised their price objective on shares of Bonavista Energy Corp from C$3.00 to C$3.50 and gave the stock a sector perform rating in a report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of C$4.33.

Bonavista Energy Corp (TSE:BNP) opened at C$2.40 on Wednesday. Bonavista Energy Corp has a 52-week low of C$2.21 and a 52-week high of C$5.58.

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In other news, Director Keith A.J. Macphail sold 55,000 shares of the stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of C$3.09, for a total transaction of C$169,950.00.

Bonavista Energy Corp Company Profile

Bonavista Energy Corporation is a resource company engaged in the acquisition, exploration, development and production of oil and natural gas assets. The Company’s West Central Core Area is characterized by natural gas and light oil resources. West Central Core Area is located within the Western Canadian Sedimentary Basin (WCSB) between Calgary and Drayton Valley, Alberta.

Analyst Recommendations for Bonavista Energy Corp (TSE:BNP)

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