Bonterra Energy (BNE) Price Target Lowered to C$7.50 at TD Securities

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Bonterra Energy (TSE:BNE) had its price target decreased by TD Securities from C$8.50 to C$7.50 in a report released on Wednesday, BayStreet.CA reports. TD Securities currently has a hold rating on the stock.

Several other research firms also recently commented on BNE. National Bank Financial cut their price objective on shares of Bonterra Energy from C$10.25 to C$9.00 and set a neutral rating for the company in a report on Friday, January 11th. Canaccord Genuity raised shares of Bonterra Energy from a hold rating to a buy rating and raised their price objective for the stock from C$7.50 to C$9.00 in a report on Tuesday, April 9th. Cormark cut their price objective on shares of Bonterra Energy from C$19.00 to C$12.50 in a report on Friday, January 11th. Raymond James reaffirmed a strong-buy rating and issued a C$14.00 price objective on shares of Bonterra Energy in a report on Thursday, February 14th. Finally, AltaCorp Capital raised shares of Bonterra Energy from a sector perform rating to an outperform rating in a report on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Bonterra Energy presently has an average rating of Hold and an average price target of C$9.48.

BNE opened at C$6.72 on Wednesday. The company has a market capitalization of $224.37 million and a P/E ratio of 31.26. Bonterra Energy has a 12 month low of C$5.31 and a 12 month high of C$20.29. The company has a quick ratio of 0.19, a current ratio of 0.28 and a debt-to-equity ratio of 66.26.

Bonterra Energy (TSE:BNE) last released its quarterly earnings data on Tuesday, March 12th. The company reported C($0.33) EPS for the quarter. The company had revenue of C$34.99 million for the quarter, compared to the consensus estimate of C$65.10 million. On average, equities analysts expect that Bonterra Energy will post 0.300000018404909 earnings per share for the current year.

The company also recently declared a monthly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 31st will be issued a $0.01 dividend. This represents a $0.12 annualized dividend and a yield of 1.79%. The ex-dividend date is Tuesday, May 14th. Bonterra Energy’s payout ratio is 348.84%.

In other news, Director George Frederick Fink purchased 18,000 shares of the business’s stock in a transaction on Thursday, March 28th. The stock was purchased at an average cost of C$6.36 per share, with a total value of C$114,480.00. Following the acquisition, the director now directly owns 3,578,299 shares in the company, valued at C$22,757,981.64.

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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Analyst Recommendations for Bonterra Energy (TSE:BNE)

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