Bonavista Energy (TSE:BNP) had its target price decreased by National Bank Financial from C$0.60 to C$0.50 in a report released on Friday morning, BayStreet.CA reports. National Bank Financial currently has a sector perform rating on the stock.
BNP has been the subject of several other research reports. CIBC cut their target price on Bonavista Energy from C$1.00 to C$0.40 in a research report on Thursday, July 18th. Raymond James reiterated an underperform rating and set a C$0.60 target price on shares of Bonavista Energy in a research report on Friday, August 2nd. BMO Capital Markets cut their target price on Bonavista Energy from C$0.65 to C$0.60 in a research report on Friday, August 2nd. Royal Bank of Canada cut their target price on Bonavista Energy from C$1.50 to C$0.75 in a research report on Thursday, July 18th. Finally, GMP Securities cut their target price on Bonavista Energy from C$1.10 to C$0.70 in a research report on Friday, June 28th. Four analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. Bonavista Energy presently has an average rating of Sell and an average target price of C$0.88.
Shares of TSE BNP traded down C$0.03 during trading on Friday, hitting C$0.50. The company had a trading volume of 148,600 shares, compared to its average volume of 515,393. The stock has a 50 day simple moving average of C$0.60 and a 200 day simple moving average of C$0.65. The company has a debt-to-equity ratio of 50.71, a quick ratio of 0.31 and a current ratio of 0.82. Bonavista Energy has a 12 month low of C$0.41 and a 12 month high of C$1.51. The firm has a market capitalization of $128.68 million and a P/E ratio of 5.81.
Bonavista Energy (TSE:BNP) last posted its quarterly earnings data on Thursday, August 1st. The company reported C$0.01 EPS for the quarter. The company had revenue of C$81.49 million during the quarter. As a group, analysts predict that Bonavista Energy will post -0.14 EPS for the current year.
In other Bonavista Energy news, insider Sime Armoyan bought 69,500 shares of the business’s stock in a transaction that occurred on Friday, October 11th. The stock was purchased at an average price of C$0.48 per share, for a total transaction of C$33,360.00. Following the completion of the transaction, the insider now owns 40,403,600 shares of the company’s stock, valued at approximately C$19,393,728.
About Bonavista Energy
Bonavista Energy Corporation acquires, develops, and holds interests in oil and natural gas properties and assets in Western Canada. The company was founded in 1987 and is headquartered in Calgary, Canada.
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