Bonterra Energy Corp (TSE:BNE) Director Acquires C$53,500.00 in Stock

Bonterra Energy Corp (TSE:BNE) Director George Frederick Fink purchased 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The stock was bought at an average price of C$5.35 per share, with a total value of C$53,500.00. Following the transaction, the director now directly owns 3,718,799 shares in the company, valued at C$19,895,574.65.

George Frederick Fink also recently made the following trade(s):

  • On Thursday, May 30th, George Frederick Fink purchased 10,000 shares of Bonterra Energy stock. The stock was bought at an average price of C$5.80 per share, with a total value of C$58,025.00.
  • On Wednesday, May 15th, George Frederick Fink purchased 15,000 shares of Bonterra Energy stock. The stock was bought at an average price of C$6.68 per share, with a total value of C$100,143.00.
  • On Monday, May 13th, George Frederick Fink purchased 15,000 shares of Bonterra Energy stock. The stock was bought at an average price of C$6.59 per share, with a total value of C$98,899.50.
  • On Wednesday, April 3rd, George Frederick Fink purchased 15,000 shares of Bonterra Energy stock. The stock was bought at an average price of C$6.25 per share, with a total value of C$93,799.50.
  • On Thursday, March 28th, George Frederick Fink acquired 18,000 shares of Bonterra Energy stock. The shares were acquired at an average price of C$6.36 per share, with a total value of C$114,480.00.

Shares of TSE BNE opened at C$5.30 on Wednesday. Bonterra Energy Corp has a one year low of C$5.23 and a one year high of C$20.29. The stock has a market cap of $184.31 million and a price-to-earnings ratio of 33.76. The company has a debt-to-equity ratio of 65.18, a current ratio of 0.44 and a quick ratio of 0.38.

Bonterra Energy (TSE:BNE) last announced its quarterly earnings data on Monday, May 6th. The company reported C$0.04 EPS for the quarter. The business had revenue of C$49.83 million for the quarter, compared to analyst estimates of C$52.50 million. Equities analysts expect that Bonterra Energy Corp will post 0.32 EPS for the current year.

The firm also recently disclosed a monthly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a dividend of $0.01 per share. The ex-dividend date is Thursday, June 13th. This represents a $0.12 dividend on an annualized basis and a yield of 2.26%. Bonterra Energy’s payout ratio is presently 477.71%.

A number of equities research analysts have commented on BNE shares. CIBC raised their price objective on Bonterra Energy from C$7.00 to C$8.00 in a research report on Tuesday, April 23rd. BMO Capital Markets decreased their price objective on Bonterra Energy from C$7.00 to C$6.00 and set an “underperform” rating for the company in a research report on Thursday, February 14th. TD Securities decreased their price objective on Bonterra Energy from C$8.50 to C$7.00 and set a “hold” rating for the company in a research report on Wednesday, February 20th. Raymond James restated a “strong-buy” rating and set a C$14.00 price objective on shares of Bonterra Energy in a research report on Thursday, February 14th. Finally, AltaCorp Capital upgraded Bonterra Energy from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of C$9.48.

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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 located in southwest Saskatchewan, and the Prespatou area located in northeast British Columbia.

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