Bonterra Energy Corp (TSE:BNE) announced a monthly dividend on Thursday, November 29th, Zacks reports. Stockholders of record on Friday, December 14th will be given a dividend of 0.01 per share on Monday, December 31st. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date is Thursday, December 13th.
Shares of BNE stock traded down C$0.24 during trading hours on Friday, reaching C$6.90. The company had a trading volume of 383,200 shares, compared to its average volume of 152,072. The company has a debt-to-equity ratio of 62.98, a quick ratio of 0.36 and a current ratio of 0.44. Bonterra Energy has a 12-month low of C$6.86 and a 12-month high of C$20.29.
Bonterra Energy (TSE:BNE) last posted its quarterly earnings results on Wednesday, November 7th. The company reported C$0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.33 by C($0.16). The firm had revenue of C$63.82 million during the quarter, compared to analyst estimates of C$69.20 million. As a group, equities research analysts predict that Bonterra Energy will post 1.05999999385507 EPS for the current fiscal year.
BNE has been the subject of a number of analyst reports. Raymond James lowered Bonterra Energy from a “strong-buy” rating to an “outperform” rating and dropped their price target for the company from C$22.50 to C$22.00 in a research report on Friday, October 5th. National Bank Financial dropped their price target on Bonterra Energy from C$23.00 to C$21.00 and set an “outperform” rating for the company in a research report on Thursday, November 8th. BMO Capital Markets upped their price target on Bonterra Energy from C$17.00 to C$18.00 in a research report on Tuesday, October 9th. AltaCorp Capital lowered Bonterra Energy from an “outperform” rating to a “sector perform” rating in a research report on Thursday, November 8th. Finally, TD Securities cut Bonterra Energy from a “buy” rating to a “hold” rating and upped their price objective for the company from C$19.00 to C$19.50 in a report on Friday, August 10th.
In other Bonterra Energy news, insider Robb Douglas Thompson acquired 4,500 shares of the firm’s stock in a transaction that occurred on Tuesday, December 4th. The shares were purchased at an average cost of C$7.66 per share, for a total transaction of C$34,470.00. Also, insider George Frederick Fink acquired 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 15th. The stock was acquired at an average price of C$10.03 per share, for a total transaction of C$100,300.00. Insiders purchased 22,000 shares of company stock worth $224,895 over the last quarter.
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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.
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