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Bonavista Energy Corp (TSE:BNP) has earned an average recommendation of “Buy” from the eight analysts that are currently covering the stock, Analyst Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is C$18.55.

Bonavista Energy Corp (TSE:BNP) traded down 0.14% on Friday, hitting $14.56. 43,268 shares of the company’s stock traded hands. Bonavista Energy Corp has a 1-year low of $11.25 and a 1-year high of $17.85. The stock’s 50-day moving average is $14.54 and its 200-day moving average is $15.8. The company has a market cap of $2.908 billion and a price-to-earnings ratio of 40.50.

Bonavista Energy Corp (TSE:BNP) last announced its earnings results on Monday, August 4th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.07. Analysts expect that Bonavista Energy Corp will post $0.55 EPS for the current fiscal year.

The company also recently declared a aug 14 dividend, which is scheduled for Monday, September 15th. Shareholders of record on Sunday, August 31st will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, August 27th.

Several analysts have recently commented on the stock. Analysts at Barclays cut their price target on shares of Bonavista Energy Corp from C$17.00 to C$16.00 in a research note on Friday, August 1st. They now have an “equal weight” rating on the stock. Separately, analysts at GMP Securities upgraded shares of Bonavista Energy Corp from a “hold” rating to a “buy” rating in a research note on Thursday, July 24th.

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

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