Bonterra Energy Corp. (OTCMKTS:BNEFF) Short Interest Update

Bonterra Energy Corp. (OTCMKTS:BNEFF) saw a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 164,809 shares, a drop of 42.4% from the July 30th total of 285,997 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average daily trading volume, of 25,003 shares, the days-to-cover ratio is presently 6.6 days.

Bonterra Energy Stock Performance

Shares of OTCMKTS:BNEFF opened at $4.29 on Friday. The company has a market capitalization of $156.96 million, a price-to-earnings ratio of -85.80 and a beta of 0.70. Bonterra Energy has a 52 week low of $2.37 and a 52 week high of $5.47. The company has a quick ratio of 0.55, a current ratio of 0.56 and a debt-to-equity ratio of 0.36. The firm has a 50 day moving average of $3.97 and a 200 day moving average of $4.36.

Bonterra Energy (OTCMKTS:BNEFF) last announced its earnings results on Tuesday, August 11th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.48. Bonterra Energy had a negative return on equity of 0.43% and a negative net margin of 0.85%.The business had revenue of $59.65 million for the quarter, compared to analysts’ expectations of $45.06 million.

Bonterra Energy Company Profile

Bonterra Energy Corp is a Canadian oil and gas exploration and production company focused on the development, production and marketing of crude oil, natural gas and natural gas liquids. Headquartered in Calgary, Alberta, the company’s core activities include drilling, well completions and field operations designed to optimize recovery across its asset base. Bonterra’s integrated approach encompasses everything from reservoir evaluation and land acquisition to production infrastructure and product sales, allowing the company to capture value throughout the commodity price cycle.

Bonterra’s operations are concentrated in the Western Canadian Sedimentary Basin, with a particular emphasis on Montney formation assets in northeast British Columbia.