National Bank Financial Lowers Bonterra Energy (BNE) Price Target to C$21.00

Bonterra Energy (TSE:BNE) had its target price dropped by investment analysts at National Bank Financial from C$23.00 to C$21.00 in a report issued on Thursday. The firm currently has an “outperform” rating on the stock. National Bank Financial’s target price would indicate a potential upside of 99.62% from the company’s current price.

Other equities analysts have also issued research reports about the company. Eight Capital raised their price objective on Bonterra Energy from C$19.00 to C$19.35 in a report on Thursday, August 9th. BMO Capital Markets raised their price objective on Bonterra Energy from C$17.00 to C$18.00 in a report on Tuesday, October 9th. CIBC raised their price objective on Bonterra Energy from C$16.50 to C$18.00 in a report on Friday, July 20th. Raymond James lowered Bonterra Energy from a “strong-buy” rating to an “outperform” rating and dropped their price objective for the stock from C$22.50 to C$22.00 in a report on Friday, October 5th. Finally, TD Securities lowered Bonterra Energy from a “buy” rating to a “hold” rating and raised their price objective for the stock from C$19.00 to C$19.50 in a report on Friday, August 10th.

Shares of BNE stock opened at C$10.52 on Thursday. Bonterra Energy has a 1 year low of C$10.38 and a 1 year high of C$20.29. The company has a debt-to-equity ratio of 64.57, a quick ratio of 0.39 and a current ratio of 0.52.

Bonterra Energy (TSE:BNE) last issued its quarterly earnings data on Wednesday, August 8th. The company reported C$0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.18 by C$0.09. The firm had revenue of C$60.55 million for the quarter, compared to analysts’ expectations of C$59.70 million. Equities research analysts expect that Bonterra Energy will post 1.1099999720403 earnings per share for the current fiscal year.

In related news, insider George Frederick Fink purchased 2,500 shares of the stock in a transaction that occurred on Tuesday, September 18th. The shares were purchased at an average price of C$17.75 per share, with a total value of C$44,375.00.

Bonterra Energy Company Profile

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.

Further Reading: Understanding Price to Earnings Ratio (PE)

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