Bonterra Energy Corp (BNE) Given Consensus Recommendation of “Hold” by Brokerages
Bonterra Energy Corp (TSE:BNE) has been assigned an average recommendation of “Hold” from the eleven brokerages that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is C$27.78.
Several research analysts have recently weighed in on the stock. National Bank Financial reduced their price target 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, August 10th. Raymond James Financial, Inc. upgraded shares of Bonterra Energy Corp from an “outperform” rating to a “strong-buy” rating and set a C$26.00 price target for the company in a report on Thursday, August 24th. BMO Capital Markets cut shares of Bonterra Energy Corp from a “market perform” rating to an “underperform” rating and reduced their price target for the company from C$16.00 to C$15.00 in a report on Tuesday, October 10th. Finally, AltaCorp Capital cut shares of Bonterra Energy Corp from an “outperform” rating to a “sector perform” rating in a report on Thursday, August 10th.
The firm also recently announced a monthly dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, November 30th will be issued a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a yield of 7.90%. The ex-dividend date of this dividend is Tuesday, November 14th.
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In other Bonterra Energy Corp news, insider George Frederick Fink bought 5,000 shares of Bonterra Energy Corp stock in a transaction that occurred on Tuesday, October 24th. The stock was acquired at an average price of C$13.81 per share, for a total transaction of C$69,050.00. Insiders have purchased 39,000 shares of company stock valued at $599,470 in the last 90 days.
Bonterra Energy Corp Company Profile
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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