Insider Selling: Bonavista Energy Corp (BNP) Insider Sells 20,000 Shares of Stock
Bonavista Energy Corp (TSE:BNP) insider Wayne Edward Merkel sold 20,000 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of C$2.78, for a total value of C$55,600.00.
Shares of Bonavista Energy Corp (BNP) traded up 4.43% during midday trading on Tuesday, hitting $2.83. The stock had a trading volume of 742,717 shares. Bonavista Energy Corp has a one year low of $2.21 and a one year high of $5.58. The firm’s 50-day moving average price is $2.85 and its 200-day moving average price is $3.25. The firm has a market capitalization of $725.49 million and a PE ratio of 7.86.
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Several analysts have recently weighed in on BNP shares. Barclays PLC cut their price objective on Bonavista Energy Corp from C$4.00 to C$3.50 in a report on Monday, July 24th. Royal Bank Of Canada upgraded Bonavista Energy Corp from a “sector perform” rating to an “outperform” rating and cut their price objective for the company from C$6.00 to C$5.00 in a report on Friday, May 5th. National Bank Financial restated an “outperform” rating and issued a C$4.25 price objective on shares of Bonavista Energy Corp in a report on Friday, May 5th. Finally, TD Securities upped their price objective on Bonavista Energy Corp from C$3.25 to C$3.75 and gave the company a “buy” rating in a report on Friday, July 28th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of C$4.89.
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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