Bonterra Energy (TSE:BNE) Share Price Passes Above 200 Day Moving Average – What’s Next?

Bonterra Energy Corp. (TSE:BNE) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$5.69 and traded as high as C$5.81. Bonterra Energy shares last traded at C$5.76, with a volume of 38,772 shares traded.

Bonterra Energy Stock Down 0.7%

The firm has a 50-day simple moving average of C$6.61 and a 200 day simple moving average of C$5.70. The stock has a market capitalization of C$193.63 million, a P/E ratio of -7.97 and a beta of -0.21. The company has a debt-to-equity ratio of 35.57, a current ratio of 0.56 and a quick ratio of 0.21.

Bonterra Energy (TSE:BNE) last released its quarterly earnings results on Thursday, May 14th. The company reported C($0.40) earnings per share for the quarter. The firm had revenue of C$34.96 million for the quarter. Bonterra Energy had a negative return on equity of 4.63% and a negative net margin of 10.49%. On average, equities research analysts forecast that Bonterra Energy Corp. will post 0.336726 EPS for the current year.

Bonterra Energy Company Profile

Bonterra Energy Corp. is a conventional oil and gas corporation forging a grounded path forward for Canadian energy. Operations include a large, concentrated land position in Alberta’s Pembina Cardium, one of Canada’s largest oil plays. Bonterra’s liquids-weighted Cardium production provides a foundation for implementing a return of capital strategy over time, which is focused on generating long-term, sustainable growth and value creation for shareholders. Emerging Charlie Lake and Montney resource plays are expected to provide enhanced optionality and an expanded potential development runway for the future.