Bonavista Energy (BNP) Given New C$1.50 Price Target at Raymond James Financial

Bonavista Energy (TSE:BNP) had its price target trimmed by Raymond James Financial from C$1.75 to C$1.50 in a report issued on Monday morning.

A number of other research analysts have also commented on the company. National Bank Financial upped their price target on Bonavista Energy from C$3.00 to C$3.50 and gave the stock a sector perform rating in a report on Friday, November 3rd. GMP Securities cut their price target on Bonavista Energy from C$3.75 to C$3.25 in a report on Tuesday, November 28th. Scotiabank lowered Bonavista Energy from an outperform rating to a sector perform rating and cut their price target for the stock from C$4.00 to C$3.50 in a report on Wednesday, November 15th. CIBC cut their price target on Bonavista Energy from C$3.00 to C$2.50 in a report on Tuesday, January 23rd. Finally, Barclays cut their price target on Bonavista Energy from C$3.00 to C$2.00 in a report on Wednesday, January 17th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of C$2.97.

Bonavista Energy (TSE:BNP) opened at C$1.43 on Monday. Bonavista Energy has a 1-year low of C$1.42 and a 1-year high of C$4.68. The company has a market capitalization of $378.21, a P/E ratio of 3.18 and a beta of 0.95.

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 15th. Stockholders of record on Friday, December 29th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date was Thursday, December 28th. Bonavista Energy’s dividend payout ratio is presently 8.89%.

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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.

Analyst Recommendations for Bonavista Energy (TSE:BNP)

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