Bonterra Energy (BNE) Cut to “Sector Perform” at AltaCorp Capital

AltaCorp Capital downgraded shares of Bonterra Energy (TSE:BNE) from an outperform rating to a sector perform rating in a research report released on Thursday.

Several other equities research analysts also recently weighed in on the stock. Eight Capital dropped their target price on shares of Bonterra Energy from C$17.50 to C$17.00 in a research report on Thursday. CIBC boosted their target price on shares of Bonterra Energy from C$16.50 to C$18.00 in a research report on Friday, July 20th. TD Securities downgraded shares of Bonterra Energy from a buy rating to a hold rating and boosted their target price for the stock from C$19.00 to C$19.50 in a research report on Friday, August 10th. National Bank Financial dropped their target price on shares of Bonterra Energy from C$23.00 to C$21.00 and set an outperform rating for the company in a research report on Thursday. Finally, BMO Capital Markets boosted their target price on shares of Bonterra Energy from C$17.00 to C$18.00 in a research report on Tuesday, October 9th.

BNE stock traded down C$1.26 during trading on Thursday, reaching C$10.65. The stock had a trading volume of 577,496 shares, compared to its average volume of 127,246. Bonterra Energy has a 1-year low of C$10.38 and a 1-year high of C$20.29. The company has a current ratio of 0.52, a quick ratio of 0.39 and a debt-to-equity ratio of 64.57.

Bonterra Energy (TSE:BNE) last issued its quarterly earnings data on Wednesday, August 8th. The company reported C$0.27 EPS for the quarter, topping analysts’ consensus estimates of C$0.18 by C$0.09. The firm had revenue of C$60.55 million during the quarter, compared to analyst estimates of C$59.70 million. On average, analysts anticipate that Bonterra Energy will post 1.1099999720403 EPS for the current year.

The business also recently announced a monthly dividend, which will be paid on Friday, November 30th. Stockholders of record on Thursday, November 15th will be given a $0.10 dividend. This represents a $1.20 annualized dividend and a dividend yield of 11.27%. The ex-dividend date of this dividend is Wednesday, November 14th. Bonterra Energy’s payout ratio is currently 351.91%.

In related news, insider George Frederick Fink bought 2,500 shares of the company’s stock in a transaction dated Tuesday, September 18th. The stock was bought at an average price of C$17.75 per share, with a total value of C$44,375.00.

About Bonterra Energy

Bonterra Energy Corp., an upstream oil and gas company, engages in the production and sale of crude oil, natural gas, and natural gas liquids. It primarily focuses on the development of its Cardium zone within the Pembina and Willesden Green areas located in west central Alberta. The company also holds interests in the Shaunavon area in Saskatchewan, and the Prespatou area of northeast British Columbia.

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