Bonterra Energy (BNE) Price Target Cut to C$7.50 by Analysts at Canaccord Genuity

Bonterra Energy (TSE:BNE) had its price target cut by Canaccord Genuity from C$8.50 to C$7.50 in a research note issued to investors on Thursday. Canaccord Genuity’s target price indicates a potential upside of 10.29% from the company’s previous close.

Other equities research analysts also recently issued reports about the stock. Raymond James downgraded shares of Bonterra Energy from a “strong-buy” rating to an “outperform” rating and lowered their price target for the stock from C$22.50 to C$22.00 in a report on Wednesday. National Bank Financial downgraded shares of Bonterra Energy from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from C$21.00 to C$10.25 in a report on Tuesday, December 11th. TD Securities lowered their price target on shares of Bonterra Energy from C$14.50 to C$10.50 and set a “hold” rating on the stock in a report on Monday, December 3rd. BMO Capital Markets increased their price target on shares of Bonterra Energy from C$17.00 to C$18.00 in a report on Tuesday, October 9th. Finally, AltaCorp Capital downgraded shares of Bonterra Energy from an “outperform” rating to a “sector perform” rating in a research note on Thursday, November 8th.

Shares of Bonterra Energy stock opened at C$6.80 on Thursday. Bonterra Energy has a 12-month low of C$5.31 and a 12-month high of C$20.29. The company has a debt-to-equity ratio of 62.98, a current ratio of 0.44 and a quick ratio of 0.36.

Bonterra Energy (TSE:BNE) last announced its quarterly earnings results on Wednesday, November 7th. The company reported C$0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.33 by C($0.16). The firm had revenue of C$63.82 million for the quarter, compared to analysts’ expectations of C$69.20 million. As a group, equities research analysts anticipate that Bonterra Energy will post 0.96 earnings per share for the current fiscal year.

In other Bonterra Energy news, insider George Frederick Fink purchased 10,000 shares of Bonterra Energy stock in a transaction on Thursday, November 15th. The shares were acquired at an average cost of C$10.03 per share, for a total transaction of C$100,300.00. Also, insider Robb Douglas Thompson purchased 4,500 shares of Bonterra Energy stock in a transaction on Tuesday, December 4th. The shares were acquired at an average price of C$7.66 per share, for a total transaction of C$34,470.00. Insiders purchased 26,500 shares of company stock worth $227,130 over the last ninety days.

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 in Saskatchewan, and the Prespatou area of northeast British Columbia.

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