Bonavista Energy (TSE:BNP) had its target price dropped by investment analysts at Barclays from C$3.00 to C$2.00 in a report released on Wednesday. Barclays’ price objective indicates a potential upside of 7.53% from the stock’s current price.
A number of other analysts also recently commented on BNP. National Bank Financial decreased their target price on Bonavista Energy from C$3.50 to C$2.25 and set a “sector perform” rating on the stock in a research report on Tuesday, January 9th. Scotiabank downgraded Bonavista Energy from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from C$4.00 to C$3.50 in a research report on Wednesday, November 15th. AltaCorp Capital downgraded Bonavista Energy from an “outperform” rating to a “sector perform” rating in a research report on Friday, October 6th. GMP Securities decreased their target price on Bonavista Energy from C$3.75 to C$3.25 in a research report on Tuesday, November 28th. Finally, Raymond James Financial downgraded Bonavista Energy from a “market perform” rating to an “underperform” rating and decreased their target price for the stock from C$2.25 to C$2.00 in a research report on Thursday, November 16th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of C$3.41.
Shares of Bonavista Energy (TSE:BNP) opened at C$1.86 on Wednesday. The company has a market capitalization of $491.94, a price-to-earnings ratio of 4.13 and a beta of 1.12. Bonavista Energy has a 12-month low of C$1.77 and a 12-month high of C$5.22.
About Bonavista Energy
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.
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