Bonavista Energy Corp to Post FY2018 Earnings of $0.23 Per Share, National Bank Financial Forecasts (BNP)

Bonavista Energy Corp (TSE:BNP) – Stock analysts at National Bank Financial issued their FY2018 earnings per share (EPS) estimates for shares of Bonavista Energy Corp in a note issued to investors on Thursday, according to Zacks Investment Research. National Bank Financial analyst T. Wood anticipates that the company will post earnings per share of $0.23 for the year. National Bank Financial has a “Outperform” rating and a $4.25 price objective on the stock.

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A number of other analysts have also commented on BNP. Raymond James Financial, Inc. restated a “market perform” rating and issued a C$4.75 price target on shares of Bonavista Energy Corp in a report on Thursday, February 2nd. TD Securities restated a “buy” rating and issued a C$7.50 price target on shares of Bonavista Energy Corp in a report on Friday, March 3rd. Scotiabank restated an “outperform” rating and issued a C$6.00 price target on shares of Bonavista Energy Corp in a report on Thursday, February 2nd. Royal Bank of Canada reiterated a “sector perform” rating and set a C$6.00 target price on shares of Bonavista Energy Corp in a report on Thursday, February 2nd. Finally, CIBC upped their target price on Bonavista Energy Corp from C$5.00 to C$5.50 in a report on Wednesday, January 25th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of C$5.36.

Shares of Bonavista Energy Corp (TSE:BNP) traded up 3.443% during mid-day trading on Monday, reaching $3.155. The company’s stock had a trading volume of 240,894 shares. The firm’s market cap is $807.76 million. The company’s 50-day moving average is $3.12 and its 200 day moving average is $4.02. Bonavista Energy Corp has a 12 month low of $2.55 and a 12 month high of $5.58.

In other Bonavista Energy Corp news, Director Robert Phillips acquired 21,000 shares of the company’s stock in a transaction on Thursday, March 23rd. The shares were purchased at an average price of C$3.17 per share, for a total transaction of C$66,570.00. Also, insider Wayne Edward Merkel sold 13,761 shares of the company’s stock in a transaction that occurred on Monday, April 10th. The shares were sold at an average price of C$3.46, for a total value of C$47,613.06.

About Bonavista Energy Corp

Bonavista Energy Corporation is a resource company engaged in the acquisition, exploration, development and production of oil and natural gas assets. The Company’s West Central Core Area is characterized by natural gas and light oil resources. West Central Core Area is located within the Western Canadian Sedimentary Basin (WCSB) between Calgary and Drayton Valley, Alberta.

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