Insider Selling: Bonavista Energy Corp (BNP) Director Sells 55,000 Shares of Stock
Bonavista Energy Corp (TSE:BNP) Director Keith A.J. Macphail sold 55,000 shares of the firm’s stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of C$3.09, for a total value of C$169,950.00.
Shares of Bonavista Energy Corp (BNP) remained flat at $3.08 on Friday. The stock had a trading volume of 358,172 shares. Bonavista Energy Corp has a 1-year low of $2.22 and a 1-year high of $5.58. The firm has a market capitalization of $789.58 million and a P/E ratio of 8.56. The company’s 50-day moving average is $2.81 and its 200-day moving average is $2.96.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend is Thursday, September 28th.
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Several research analysts have commented on BNP shares. Barclays PLC cut their target price on Bonavista Energy Corp from C$4.00 to C$3.50 in a research note on Monday, July 24th. TD Securities raised their target price on Bonavista Energy Corp from C$3.25 to C$3.75 and gave the stock a “buy” rating in a research note on Friday, July 28th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of C$5.03.
Bonavista Energy Corp Company Profile
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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