Bonterra Energy Corp (BNE) PT Lowered to C$21.00
Bonterra Energy Corp (TSE:BNE) had its target price dropped by equities research analysts at National Bank Financial from C$22.00 to C$21.00 in a research note issued to investors on Thursday, StockTargetPrices.com reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s price objective indicates a potential upside of 42.47% from the stock’s previous close.
A number of other research firms also recently weighed in on BNE. AltaCorp Capital downgraded Bonterra Energy Corp from an “outperform” rating to a “sector perform” rating in a research report on Thursday, August 10th. Raymond James Financial, Inc. decreased their target price on Bonterra Energy Corp from C$31.00 to C$29.00 and set an “outperform” rating on the stock in a research report on Thursday, May 11th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of C$29.33.
Shares of Bonterra Energy Corp (BNE) traded up 0.41% during midday trading on Thursday, hitting $14.74. The stock had a trading volume of 48,485 shares. The firm’s market cap is $490.99 million. Bonterra Energy Corp has a 1-year low of $14.53 and a 1-year high of $29.76. The firm has a 50-day moving average price of $16.27 and a 200-day moving average price of $19.54.
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In other Bonterra Energy Corp news, insider George Frederick Fink purchased 5,500 shares of the business’s stock in a transaction on Friday, May 19th. The stock was purchased at an average price of C$18.54 per share, for a total transaction of C$101,970.00. In the last 90 days, insiders have acquired 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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