Bonavista Energy (TSE:BNP) PT Lowered to C$0.75

Bonavista Energy (TSE:BNP) had its price objective decreased by Royal Bank of Canada from C$1.50 to C$0.75 in a research report sent to investors on Thursday morning, BayStreet.CA reports.

BNP has been the subject of a number of other reports. GMP Securities reaffirmed a buy rating and set a $22.25 price target on shares of SPDR Wells Fargo Preferred Stock ETF in a report on Friday, June 28th. Desjardins reaffirmed a buy rating and set a C$30.00 price target on shares of Endeavour Mining in a report on Tuesday, May 7th. Raymond James reaffirmed a hold rating on shares of PrairieSky Royalty in a report on Thursday, July 11th. BMO Capital Markets set a $66.00 price target on shares of CyrusOne and gave the company a buy rating in a report on Friday, May 3rd. Finally, TD Securities lowered their price target on shares of TRANSAT AT from C$15.00 to C$11.00 and set a hold rating for the company in a report on Friday, May 3rd. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of C$0.96.

BNP opened at C$0.44 on Thursday. The company’s fifty day moving average price is C$0.49. The firm has a market cap of $112.56 million and a price-to-earnings ratio of -4.15. Bonavista Energy has a twelve month low of C$0.41 and a twelve month high of C$1.63. The company has a debt-to-equity ratio of 52.15, a quick ratio of 0.44 and a current ratio of 0.80.

Bonavista Energy (TSE:BNP) last released its quarterly earnings results on Thursday, May 2nd. The company reported C($0.15) earnings per share for the quarter. The company had revenue of C$120.64 million for the quarter. Analysts forecast that Bonavista Energy will post -0.0910345 earnings per share for the current year.

Bonavista Energy Company Profile

Bonavista Energy Corporation acquires, develops, and holds interests in oil and natural gas properties and assets in Western Canada. The company was founded in 1987 and is headquartered in Calgary, Canada.

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Analyst Recommendations for Bonavista Energy (TSE:BNP)

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