Bonterra Energy (TSE:BNE)‘s stock had its “market perform” rating restated by Raymond James in a report issued on Friday, November 8th, BayStreet.CA reports. They presently have a C$4.00 price objective on the stock. Raymond James’ price objective suggests a potential upside of 25.39% from the stock’s previous close.
Other equities analysts have also recently issued research reports about the company. National Bank Financial reduced their price target on Bonterra Energy from C$6.00 to C$5.50 and set a “sector perform” rating for the company in a report on Thursday, November 7th. CIBC reduced their target price on Bonterra Energy from C$7.00 to C$5.00 in a report on Tuesday, October 15th. TD Securities reduced their target price on Bonterra Energy from C$6.00 to C$5.00 and set a “hold” rating for the company in a report on Thursday, August 8th. Finally, BMO Capital Markets reduced their target price on Bonterra Energy from C$5.50 to C$4.50 in a report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of C$7.73.
Shares of BNE traded up C$0.15 during mid-day trading on Friday, reaching C$3.19. The company had a trading volume of 102,426 shares, compared to its average volume of 157,807. The stock has a market capitalization of $103.17 million and a P/E ratio of 8.58. Bonterra Energy has a 52-week low of C$2.86 and a 52-week high of C$8.10. The company has a quick ratio of 0.39, a current ratio of 0.50 and a debt-to-equity ratio of 59.87. The stock has a 50 day moving average of C$3.33 and a two-hundred day moving average of C$4.52.
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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