Bonavista Energy Corp (BNP) Receives Average Recommendation of “Hold” from Brokerages
Bonavista Energy Corp (TSE:BNP) has been given a consensus recommendation of “Hold” by the thirteen analysts that are presently covering the company. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$4.38.
A number of research firms have issued reports on BNP. Desjardins set a C$4.00 target price on Bonavista Energy Corp in a research report on Tuesday, June 28th. BMO Capital Markets lifted their target price on Bonavista Energy Corp from C$3.75 to C$4.25 in a research report on Thursday, June 30th. CIBC reiterated a “sector perform” rating and issued a C$4.00 target price on shares of Bonavista Energy Corp in a research report on Thursday, July 7th. Barclays PLC lifted their target price on Bonavista Energy Corp from C$3.00 to C$4.00 in a research report on Friday, July 22nd. Finally, Raymond James Financial Inc. lifted their target price on Bonavista Energy Corp from C$3.50 to C$3.75 in a research report on Wednesday, July 27th.
Bonavista Energy Corp (TSE:BNP) traded down 5.70% on Monday, reaching $4.47. 1,138,123 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $4.07 and its 200 day moving average is $3.45. Bonavista Energy Corp has a 52 week low of $0.94 and a 52 week high of $4.79. The company’s market cap is $1.14 billion.
About Bonavista Energy Corp
Bonavista Energy Corporation is a resource company engaged in the acquisition, exploration, development and production of oil and natural gas assets. The Company’s West Central Core Area is characterized by natural gas and light oil resources. West Central Core Area is located within the Western Canadian Sedimentary Basin (WCSB) between Calgary and Drayton Valley, Alberta.
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