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Bonavista Energy Corp (TSE:BNP) was upgraded by equities research analysts at GMP Securities from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday.

Shares of Bonavista Energy Corp (TSE:BNP) traded up 0.20% on Thursday, hitting $14.81. The stock had a trading volume of 285,315 shares. Bonavista Energy Corp has a one year low of $11.25 and a one year high of $17.85. The stock’s 50-day moving average is $15. and its 200-day moving average is $15.92. The company has a market cap of $2.958 billion and a price-to-earnings ratio of 295.60.

Bonavista Energy Corp (TSE:BNP) last issued its quarterly earnings data on Monday, May 5th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by $0.17. On average, analysts predict that Bonavista Energy Corp will post $0.55 earnings per share for the current fiscal year.

The company also recently announced a Monthly dividend, which is scheduled for Friday, August 15th. Investors of record on Friday, August 15th will be paid a dividend of $0.07 per share. This represents a dividend yield of 5.69%. The ex-dividend date is Tuesday, July 29th.

Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays cut their price target on shares of Bonavista Energy Corp from C$19.00 to C$17.00 in a research note on Wednesday. They now have an “equal weight” rating on the stock. Separately, analysts at Scotiabank reiterated a “sector outperform” rating on shares of Bonavista Energy Corp in a research note on Wednesday, July 16th. Finally, analysts at CIBC reiterated a “sector perform” rating on shares of Bonavista Energy Corp in a research note on Monday, July 14th. They now have a C$19.25 price target on the stock, up previously from C$19.00. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of C$18.75.

Bonavista Energy Corporation (TSE:BNP) is engaged in the acquisition, exploration, development and production of oil and natural gas assets.

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