Shares of Bonterra Energy Corp (TSE:BNE) have been given an average recommendation of “Buy” by the eleven research firms that are presently covering the firm, reports. Four equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is C$29.33.

A number of analysts have recently issued reports on BNE shares. Raymond James Financial, Inc. lowered 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 research note on Thursday, May 11th. AltaCorp Capital lowered shares of Bonterra Energy Corp from an “outperform” rating to a “sector perform” rating in a research note on Thursday, August 10th. Finally, National Bank Financial lowered 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 research note on Thursday, August 10th.

Shares of Bonterra Energy Corp (TSE:BNE) traded up 1.70% during midday trading on Friday, hitting $14.99. 104,684 shares of the stock were exchanged. The firm has a 50-day moving average of $16.17 and a 200-day moving average of $19.43. Bonterra Energy Corp has a 1-year low of $14.53 and a 1-year high of $29.76. The company’s market capitalization is $499.32 million.

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, August 31st. Investors of record on Tuesday, August 15th will be paid a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 8.01%. The ex-dividend date is Friday, August 11th.

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In other Bonterra Energy Corp news, insider George Frederick Fink acquired 25,800 shares of the stock in a transaction that occurred on Wednesday, May 31st. The stock was bought at an average cost of C$16.45 per share, with a total value of C$424,410.00. Over the last ninety days, insiders purchased 44,350 shares of company stock valued at $741,356.

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.

Analyst Recommendations for Bonterra Energy Corp (TSE:BNE)

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