Bonterra Energy Corp Receives Average Rating of “Buy” from Brokerages (TSE:BNE)
Bonterra Energy Corp (TSE:BNE) has received an average rating of “Buy” from the nine brokerages that are currently covering the stock, American Banking News.com reports. One equities research analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is C$62.75.
A number of analysts have recently weighed in on BNE shares. Analysts at CIBC raised their price target on shares of Bonterra Energy Corp from C$68.00 to C$74.00 in a research note on Thursday. Analysts at Haywood Securities initiated coverage on shares of Bonterra Energy Corp in a research note on Thursday, April 3rd. They set a “buy” rating and a C$66.00 price target on the stock.
Bonterra Energy Corp (TSE:BNE) traded up 1.05% during mid-day trading on Thursday, hitting $61.66. 18,550 shares of the company’s stock traded hands. Bonterra Energy Corp has a 52 week low of $48.11 and a 52 week high of $62.53. The stock has a 50-day moving average of $58.6 and a 200-day moving average of $55.2. The company has a market cap of $1.948 billion and a price-to-earnings ratio of 26.08.
The company also recently announced a may 14 dividend, which is scheduled for Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a dividend of $0.29 per share. This represents a dividend yield of 5.84%. The ex-dividend date of this dividend is Thursday, June 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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