Bonterra Energy (TSE:BNE) had its price target reduced by CIBC from C$8.00 to C$7.00 in a research report report published on Thursday, BayStreet.CA reports.
BNE has been the subject of a number of other reports. Canaccord Genuity reissued a buy rating and set a $7.50 price objective on shares of in a research report on Tuesday, July 9th. National Bank Financial lowered their price objective on Yangarra Resources from C$5.50 to C$5.00 and set an outperform rating for the company in a research report on Tuesday, June 25th. Raymond James reissued a hold rating on shares of PrairieSky Royalty in a research report on Thursday, July 11th. AltaCorp Capital downgraded TORC Oil and Gas from an outperform rating to a sector perform rating in a research report on Tuesday, April 9th. Finally, TD Securities boosted their price objective on WestJet Airlines from C$19.00 to C$20.00 and gave the stock a hold rating in a research report on Wednesday, May 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. Bonterra Energy presently has a consensus rating of Hold and an average price target of C$8.93.
TSE BNE opened at C$5.15 on Thursday. The firm has a market cap of $171.95 million and a P/E ratio of 32.80. The company has a debt-to-equity ratio of 65.18, a quick ratio of 0.38 and a current ratio of 0.44. The firm has a 50-day moving average price of C$5.36. Bonterra Energy has a 1-year low of C$4.86 and a 1-year high of C$20.29.
Bonterra Energy (TSE:BNE) last announced its quarterly earnings data on Monday, May 6th. The company reported C$0.04 EPS for the quarter. The company had revenue of C$49.83 million for the quarter, compared to analyst estimates of C$52.50 million. On average, sell-side analysts anticipate that Bonterra Energy will post 0.35 EPS for the current fiscal year.
The firm also recently announced a monthly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 31st will be paid a dividend of $0.01 per share. This represents a $0.12 annualized dividend and a yield of 2.33%. The ex-dividend date is Friday, July 12th. Bonterra Energy’s payout ratio is 477.71%.
In other Bonterra Energy news, Director George Frederick Fink bought 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 17th. The stock was purchased at an average price of C$5.05 per share, for a total transaction of C$50,461.00. Following the completion of the purchase, the director now directly owns 3,778,799 shares in the company, valued at C$19,068,197.63. In the last 90 days, insiders have purchased 100,000 shares of company stock valued at $568,723.
About Bonterra Energy
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 located in southwest Saskatchewan, and the Prespatou area located in northeast British Columbia.
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