Bonterra Energy Corp (TSE:BNE) had its target price boosted by TD Securities from C$18.50 to C$19.50 in a research report sent to investors on Thursday morning. The firm currently has a buy rating on the stock.
Other analysts also recently issued reports about the company. AltaCorp Capital downgraded Bonterra Energy Corp from an outperform rating to a sector perform rating in a research report on Thursday, August 10th. Raymond James Financial, Inc. upgraded Bonterra Energy Corp from an outperform rating to a strong-buy rating and set a C$26.00 price target for the company in a research report on Thursday, August 24th. National Bank Financial lowered their price target on Bonterra Energy Corp from C$22.00 to C$21.00 and set an outperform rating for the company in a research report on Thursday, August 10th. Finally, BMO Capital Markets downgraded Bonterra Energy Corp from a market perform rating to an underperform rating and lowered their price target for the stock from C$16.00 to C$15.00 in a research report on Tuesday, October 10th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of C$26.28.
Bonterra Energy Corp (TSE BNE) opened at C$16.86 on Thursday. Bonterra Energy Corp has a 52-week low of C$13.44 and a 52-week high of C$29.76.
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The company also recently declared a monthly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Thursday, November 30th will be paid a dividend of $0.10 per share. The ex-dividend date is Tuesday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 7.12%. Bonterra Energy Corp’s dividend payout ratio is currently -6,000.00%.
In other news, insider George Frederick Fink purchased 6,000 shares of the business’s stock in a transaction dated Thursday, September 28th. The shares were purchased at an average price of C$16.77 per share, for a total transaction of C$100,620.00. In the last 90 days, insiders have bought 39,000 shares of company stock worth $599,470.
About Bonterra Energy Corp
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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