Bonterra Energy Corp (TSE:BNE) – Equities researchers at Cormark dropped their FY2017 EPS estimates for shares of Bonterra Energy Corp in a research note issued on Tuesday. Cormark analyst A. Arif now forecasts that the company will post earnings per share of $0.10 for the year, down from their prior estimate of $0.19. Cormark also issued estimates for Bonterra Energy Corp’s Q4 2017 earnings at $0.06 EPS, Q3 2018 earnings at $0.12 EPS, FY2018 earnings at $0.52 EPS and FY2019 earnings at $0.82 EPS.
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A number of other equities analysts have also recently weighed in on the stock. BMO Capital Markets cut shares of Bonterra Energy Corp from a “market perform” rating to an “underperform” rating and decreased their price objective for the company from C$16.00 to C$15.00 in a research report on Tuesday, October 10th. Raymond James Financial, Inc. raised shares of Bonterra Energy Corp from an “outperform” rating to a “strong-buy” rating and set a C$26.00 price objective for the company in a research report on Thursday, August 24th. National Bank Financial decreased their price objective on shares of Bonterra Energy Corp from C$22.00 to C$21.00 and set an “outperform” rating for the company in a research report on Thursday, August 17th. Finally, AltaCorp Capital cut shares of Bonterra Energy Corp from an “outperform” rating to a “sector perform” rating in a research report on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of C$27.78.
Shares of Bonterra Energy Corp (TSE:BNE) traded down 1.06% during mid-day trading on Wednesday, hitting $13.97. The stock had a trading volume of 49,453 shares. The company’s 50 day moving average price is $15.79 and its 200 day moving average price is $17.03. The stock’s market cap is $465.34 million. Bonterra Energy Corp has a 12-month low of $13.95 and a 12-month high of $29.76.
In related news, insider George Frederick Fink bought 5,000 shares of the business’s stock in a transaction dated Friday, September 29th. The shares were acquired at an average price of C$16.43 per share, for a total transaction of C$82,150.00. Over the last three months, insiders acquired 31,500 shares of company stock valued at $495,220.
The company also recently disclosed a monthly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Tuesday, October 31st will be given a $0.10 dividend. The ex-dividend date of this dividend is Friday, October 13th. This represents a $1.20 dividend on an annualized basis and a yield of 8.50%.
About Bonterra Energy Corp
Bonterra Energy Corp. (Bonterra) is an oil and gas company. The Company is focused on the development of its Cardium land within the Pembina and Willesden Green areas located in central Alberta. The Company is engaged in the development and production of oil and natural gas in the Western Canadian Sedimentary Basin.
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