Eight Capital Cuts Bonterra Energy (BNE) Price Target to C$18.50

Bonterra Energy (TSE:BNE) had its price objective reduced by Eight Capital from C$20.00 to C$18.50 in a report released on Thursday morning.

Several other research firms have also issued reports on BNE. TD Securities raised their target price on shares of Bonterra Energy from C$18.50 to C$19.50 and gave the stock a buy rating in a report on Thursday, November 9th. AltaCorp Capital upgraded shares of Bonterra Energy from a sector perform rating to an outperform rating in a report on Thursday, December 21st. National Bank Financial raised their target price on shares of Bonterra Energy from C$21.00 to C$21.50 and gave the stock an outperform rating in a report on Tuesday, January 9th. Finally, Raymond James Financial lowered their target price on shares of Bonterra Energy from C$24.00 to C$22.00 in a report on Monday. One research analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Bonterra Energy has a consensus rating of Buy and a consensus target price of C$21.33.

Bonterra Energy (TSE:BNE) opened at C$13.01 on Thursday. Bonterra Energy has a 52 week low of C$12.91 and a 52 week high of C$25.89. The company has a market cap of $435.71, a price-to-earnings ratio of -647.00 and a beta of 1.06.

Bonterra Energy (TSE:BNE) last issued its quarterly earnings data on Wednesday, November 8th. The company reported C($0.09) EPS for the quarter, topping analysts’ consensus estimates of C($0.11) by C$0.02. Bonterra Energy had a negative net margin of 7.05% and a negative return on equity of 2.33%. The business had revenue of C$46.35 million during the quarter, compared to analysts’ expectations of C$47.60 million.

The company also recently announced a monthly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Thursday, February 15th will be issued a $0.10 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $1.20 annualized dividend and a dividend yield of 9.22%. Bonterra Energy’s dividend payout ratio (DPR) is presently -6,000.00%.

In other news, insider George Frederick Fink bought 5,000 shares of the stock in a transaction dated Monday, February 5th. The stock was purchased at an average price of C$13.65 per share, for a total transaction of C$68,250.00. Insiders bought a total of 20,000 shares of company stock valued at $280,650 in the last 90 days.

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About Bonterra Energy

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 (TSE:BNE)

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