Bonterra Energy Corp (BNE) Plans Monthly Dividend of $0.10

Bonterra Energy Corp (TSE:BNE) declared a monthly dividend on Friday, December 1st, Zacks reports. Shareholders of record on Friday, December 15th will be given a dividend of 0.10 per share on Friday, December 29th. This represents a $1.20 dividend on an annualized basis and a yield of 8.49%. The ex-dividend date of this dividend is Thursday, December 14th.

Bonterra Energy (BNE) traded up C$0.03 on Friday, reaching C$14.13. 141,200 shares of the company’s stock were exchanged, compared to its average volume of 124,227. Bonterra Energy has a 12 month low of C$13.44 and a 12 month high of C$29.76.

In other news, insider George Frederick Fink bought 6,000 shares of the business’s stock in a transaction dated Thursday, September 28th. The stock was purchased at an average cost of C$16.77 per share, with a total value of C$100,620.00. Over the last ninety days, insiders have bought 39,000 shares of company stock valued at $599,470.

A number of research firms have issued reports on BNE. TD Securities raised their price target on shares of Bonterra Energy from C$18.50 to C$19.50 and gave the stock a “buy” rating in a research report on Thursday, November 9th. BMO Capital Markets lowered shares of Bonterra Energy from a “market perform” rating to an “underperform” rating and reduced their price target for the stock from C$16.00 to C$15.00 in a research report on Tuesday, October 10th. National Bank Financial reduced their price target on shares of Bonterra Energy from C$22.00 to C$21.00 and set an “outperform” rating for the company in a research report on Thursday, August 17th. Finally, Raymond James Financial raised shares of Bonterra Energy from an “outperform” rating to a “strong-buy” rating and set a C$26.00 price target for the company in a research report on Thursday, August 24th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of C$26.28.

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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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