Bonterra Energy Corp Price Target Increased to C$57.00 by Analysts at Scotiabank (BNE)
Analysts at Scotiabank hoisted their price target on shares of Bonterra Energy Corp (TSE:BNE) from C$55.00 to C$57.00 in a research report issued to clients and investors on Tuesday, StockRatingsNetwork.com reports. Scotiabank’s price target indicates a potential upside of 0.96% from the stock’s previous close.
Shares of Bonterra Energy Corp (TSE:BNE) traded up 1.16% during mid-day trading on Tuesday, hitting $56.46. The stock had a trading volume of 79,607 shares. Bonterra Energy Corp has a 52 week low of $39.65 and a 52 week high of $56.15. The stock has a 50-day moving average of $51.79 and a 200-day moving average of $50.04. The company has a market cap of $1.761 billion and a price-to-earnings ratio of 33.82.
Several other analysts have also recently commented on the stock. Analysts at Dundee Securities raised their price target on shares of Bonterra Energy Corp (TSE:BNE) from C$56.50 to C$60.00 in a research note to investors on Wednesday, August 14th. They now have a “buy” rating on the stock. Separately, analysts at CIBC raised their price target on shares of Bonterra Energy Corp (TSE:BNE) from C$55.00 to C$59.00 in a research note to investors on Tuesday, July 23rd. They now have an “outperform” rating on the stock. Finally, analysts at BMO Capital Markets initiated coverage on shares of Bonterra Energy Corp (TSE:BNE) in a research note to investors on Tuesday, July 16th. They set an “outperform” rating on the stock.
Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of C$56.43.
The company also recently declared a aug 13 dividend, which is scheduled for Monday, September 30th. Shareholders of record on Monday, September 16th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, September 12th.
Bonterra Energy Corp. is an oil and gas company. All of the Company’s oil and natural gas properties are located in the Provinces of Alberta, British Columbia and Saskatchewan.
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