Equities Analysts Issue Forecasts for Bonterra Energy Corp’s Q3 2017 Earnings (BNE)
Bonterra Energy Corp (TSE:BNE) – Investment analysts at Cormark lowered their Q3 2017 earnings per share (EPS) estimates for Bonterra Energy Corp in a note issued to investors on Thursday. Cormark analyst A. Arif now expects that the company will post earnings per share of $0.01 for the quarter, down from their prior estimate of $0.11. Cormark also issued estimates for Bonterra Energy Corp’s Q4 2017 earnings at $0.07 EPS, FY2017 earnings at $0.19 EPS, Q1 2018 earnings at $0.12 EPS, Q2 2018 earnings at $0.13 EPS, Q3 2018 earnings at $0.13 EPS, Q4 2018 earnings at $0.14 EPS and FY2018 earnings at $0.53 EPS.
BNE has been the subject of several other reports. Raymond James Financial, Inc. decreased their target price on shares of Bonterra Energy Corp from C$31.00 to C$29.00 and set an “outperform” rating for the company in a report on Thursday, May 11th. National Bank Financial decreased their target price on shares of Bonterra Energy Corp from C$22.00 to C$21.00 and set an “outperform” rating for the company in a report on Thursday. Finally, AltaCorp Capital cut shares of Bonterra Energy Corp from an “outperform” rating to a “sector perform” rating in a report on Thursday. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Bonterra Energy Corp currently has an average rating of “Buy” and a consensus target price of C$29.33.
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Bonterra Energy Corp (TSE BNE) opened at 14.87 on Monday. Bonterra Energy Corp has a 52 week low of $14.53 and a 52 week high of $29.76. The company’s 50 day moving average is $16.39 and its 200 day moving average is $19.83. The stock’s market cap is $492.02 million.
The business also recently declared a monthly dividend, which will be paid on Thursday, August 31st. Investors of record on Tuesday, August 15th will be issued a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a dividend yield of 8.07%. The ex-dividend date is Friday, August 11th.
In related news, insider George Frederick Fink purchased 8,700 shares of the firm’s stock in a transaction that occurred on Wednesday, May 24th. The stock was acquired at an average cost of C$18.44 per share, for a total transaction of C$160,428.00. Over the last 90 days, insiders have purchased 49,850 shares of company stock valued at $843,326.
About Bonterra Energy Corp
Bonterra Energy Corp. (Bonterra) is an oil and gas company. The Company is focused on the development of its Cardium land within the Pembina and Willesden Green areas located in central Alberta. The Company is engaged in the development and production of oil and natural gas in the Western Canadian Sedimentary Basin.
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