National Bank Financial Cuts Bonterra Energy Corp (TSE:BNE) Price Target to C$21.00

Bonterra Energy Corp (TSE:BNE) had its target price decreased by National Bank Financial from C$22.00 to C$21.00 in a research note released on Thursday morning. National Bank Financial currently has an outperform rating on the stock.

Separately, Raymond James Financial, Inc. decreased their price objective on shares of Bonterra Energy Corp from C$31.00 to C$29.00 and set an outperform rating for the company in a report on Thursday, May 11th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of Buy and an average target price of C$29.33.

Bonterra Energy Corp (BNE) opened at 14.87 on Thursday. The stock’s 50 day moving average is $16.39 and its 200 day moving average is $19.83. Bonterra Energy Corp has a 1-year low of $14.53 and a 1-year high of $29.76. The company’s market cap is $492.02 million.

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The firm also recently announced a monthly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Tuesday, August 15th will be given a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 8.07%. The ex-dividend date of this dividend is Friday, August 11th.

In other Bonterra Energy Corp news, insider George Frederick Fink bought 3,000 shares of Bonterra Energy Corp stock in a transaction dated Monday, June 12th. The shares were purchased at an average cost of C$15.60 per share, with a total value of C$46,800.00. Insiders bought a total of 49,850 shares of company stock worth $843,326 over the last ninety days.

Bonterra Energy Corp 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.

Analyst Recommendations for Bonterra Energy Corp (TSE:BNE)

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