Bonterra Energy (TSE:BNE) had its target price reduced by TD Securities from C$21.00 to C$20.00 in a research report issued to clients and investors on Wednesday. The brokerage currently has a “buy” rating on the stock. TD Securities’ price objective points to a potential upside of 53.14% from the company’s previous close.
Other equities analysts also recently issued research reports about the stock. AltaCorp Capital raised shares of Bonterra Energy from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 21st. National Bank Financial lifted 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 research note on Tuesday, January 9th. Eight Capital decreased their price target on shares of Bonterra Energy from C$20.00 to C$18.50 in a research note on Thursday, February 8th. Finally, Raymond James Financial decreased their price target on shares of Bonterra Energy from C$24.00 to C$22.00 in a research note on Monday, February 5th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of C$21.42.
Shares of Bonterra Energy (BNE) traded down C$0.08 during trading hours on Wednesday, hitting C$13.06. 149,561 shares of the stock were exchanged, compared to its average volume of 144,928. The firm has a market capitalization of $445.37, a price-to-earnings ratio of -653.00 and a beta of 1.02. Bonterra Energy has a 52 week low of C$12.26 and a 52 week high of C$23.97.
In other news, insider George Frederick Fink purchased 5,000 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were acquired at an average cost of C$12.95 per share, for a total transaction of C$64,750.00. Over the last 90 days, insiders have purchased 25,000 shares of company stock worth $345,400.
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Bonterra Energy Company Profile
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.
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