Raymond James Financial, Inc. Trims Bonavista Energy Corp (BNP) Target Price to C$2.25
Bonavista Energy Corp (TSE:BNP) had its target price lowered by research analysts at Raymond James Financial, Inc. from C$2.75 to C$2.25 in a research report issued to clients and investors on Friday. The firm currently has a “market perform” rating on the stock. Raymond James Financial, Inc.’s price objective would indicate a potential downside of 20.21% from the stock’s previous close.
Several other analysts have also commented on BNP. National Bank Financial increased their price target on shares of Bonavista Energy Corp from C$3.00 to C$3.50 and gave the company a “sector perform” rating in a research report on Friday. Barclays PLC lowered their price target on shares of Bonavista Energy Corp from C$3.50 to C$3.00 in a research report on Monday, October 30th. TD Securities increased their price target on shares of Bonavista Energy Corp from C$3.25 to C$3.75 and gave the company a “buy” rating in a research report on Friday, July 28th. Finally, AltaCorp Capital lowered shares of Bonavista Energy Corp from an “outperform” rating to a “sector perform” rating in a research report on Friday, October 6th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of C$4.64.
Bonavista Energy Corp (TSE BNP) remained flat at $C$2.82 during mid-day trading on Friday. 809,499 shares of the company traded hands, 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 related news, Director Keith A.J. Macphail sold 55,000 shares of the firm’s stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of C$3.09, for a total transaction of C$169,950.00. Also, insider Wayne Edward Merkel sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of C$2.78, for a total transaction of C$55,600.00. In the last 90 days, insiders have sold 78,000 shares of company stock worth $234,610.
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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