Bonavista Energy Corp (BNP) Price Target Increased to C$3.50 by Analysts at National Bank Financial
Bonavista Energy Corp (TSE:BNP) had its price objective increased by investment analysts at National Bank Financial from C$3.00 to C$3.50 in a research report issued on Friday. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial’s target price suggests a potential upside of 24.11% from the company’s current price.
Several other equities research analysts also recently issued reports on the stock. AltaCorp Capital downgraded shares of Bonavista Energy Corp from an “outperform” rating to a “sector perform” rating in a research note on Friday, October 6th. Barclays PLC dropped their price target on shares of Bonavista Energy Corp from C$4.00 to C$3.50 in a research note on Monday, July 24th. Finally, TD Securities lifted their price target on shares of 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. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Bonavista Energy Corp currently has a consensus rating of “Buy” and a consensus target price of C$4.64.
Bonavista Energy Corp (TSE BNP) remained flat at $C$2.82 during trading on Friday. The company’s stock had a trading volume of 809,499 shares, compared to its average volume of 460,220. Bonavista Energy Corp has a 1 year low of C$2.21 and a 1 year high of C$5.58.
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In other Bonavista Energy Corp news, insider Wayne Edward Merkel sold 20,000 shares of the firm’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of C$2.78, for a total transaction of C$55,600.00. Also, Director Keith A.J. Macphail sold 55,000 shares of the firm’s stock in a transaction on Friday, September 22nd. The stock was sold at an average price of C$3.09, for a total transaction of C$169,950.00. Over the last three months, insiders have sold 78,000 shares of company stock valued at $234,610.
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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