Bonavista Energy Corp Given Consensus Recommendation of “Buy” by Brokerages (TSE:BNP)
Shares of Bonavista Energy Corp (TSE:BNP) have earned a consensus recommendation of “Buy” from the eight brokerages that are currently covering the stock, AmericanBankingNews.com reports. Three analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$18.55.
Bonavista Energy Corp (TSE:BNP) opened at 14.55 on Friday. Bonavista Energy Corp has a 52-week low of $11.25 and a 52-week high of $17.85. The stock’s 50-day moving average is $14.46 and its 200-day moving average is $15.84. The company has a market cap of $2.906 billion and a price-to-earnings ratio of 40.47.
Bonavista Energy Corp (TSE:BNP) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.28 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.21 by $0.07. On average, analysts predict that Bonavista Energy Corp will post $0.55 earnings per share for the current fiscal year.
The company also recently declared a aug 14 dividend, which is scheduled for Monday, September 15th. Stockholders 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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