AltaCorp Capital upgraded shares of Bonterra Energy Corp (TSE:BNE) from a sector perform rating to an outperform rating in a research note issued to investors on Wednesday morning.

A number of other equities analysts also recently weighed in on BNE. Versant Partners raised shares of Bonterra Energy Corp from an underperform rating to a neutral rating in a report on Wednesday, December 21st. Paradigm Capital boosted their price target on shares of Bonterra Energy Corp from C$30.00 to C$35.00 in a report on Wednesday, December 21st. Desjardins boosted their price target on shares of Bonterra Energy Corp from C$29.00 to C$31.00 in a report on Wednesday, December 21st. BMO Capital Markets boosted their price target on shares of Bonterra Energy Corp from C$28.00 to C$32.00 in a report on Wednesday, December 21st. Finally, Acumen Capital boosted their price target on shares of Bonterra Energy Corp from C$29.00 to C$30.00 and gave the stock a buy rating in a report on Wednesday, December 21st. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of Buy and an average target price of C$30.03.

Bonterra Energy Corp (TSE:BNE) opened at 22.04 on Wednesday. The firm has a 50-day moving average of $23.86 and a 200 day moving average of $25.48. Bonterra Energy Corp has a 12-month low of $19.42 and a 12-month high of $29.76. The company’s market capitalization is $723.26 million.

This article was originally published by and is the sole property of American Banking News. If you happen to be reading this article on another website, it was stolen and illegally republished in violation of U.S. and International copyright law. The original version of this story can be read at https://www.americanbankingnews.com/2017/03/21/bonterra-energy-corp-bne-upgraded-to-outperform-by-altacorp-capital.html

Your IP Address:

The firm also recently disclosed a monthly dividend, which will be paid on Friday, March 31st. Shareholders of record on Friday, March 31st will be issued a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a yield of 5.44%. The ex-dividend date is Monday, March 13th.

About Bonterra Energy Corp

Bonterra Energy Corp. (Bonterra) is an oil and gas company that is primarily focused on the development of its Cardium land within the Pembina and Willesden Green areas located in central Alberta. The Company operates in the development and production of oil and natural gas in the Western Canadian Sedimentary Basin segment.

Receive News & Ratings for Bonterra Energy Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bonterra Energy Corp and related companies with MarketBeat.com's FREE daily email newsletter.