Bonavista Energy Co. (BNP) Receives Consensus Rating of “Hold” from Analysts
Bonavista Energy Co. (TSE:BNP) has been given an average rating of “Hold” by the eleven analysts that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is C$4.23.
Several research analysts have recently commented on BNP shares. AltaCorp Capital downgraded Bonavista Energy from an “outperform” rating to a “sector perform” rating in a research note on Friday, October 6th. National Bank Financial cut Bonavista Energy from an “outperform market weight” rating to a “sector perform market weight” rating in a report on Thursday, October 12th. Barclays dropped their price target on Bonavista Energy from C$3.50 to C$3.00 in a report on Monday, October 30th. Raymond James Financial dropped their price target on Bonavista Energy from C$2.75 to C$2.25 and set a “market perform” rating for the company in a report on Friday, November 3rd. Finally, Scotiabank cut Bonavista Energy from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from C$4.00 to C$3.50 in a report on Wednesday, November 15th.
Shares of Bonavista Energy (BNP) traded down C$0.10 during midday trading on Thursday, hitting C$1.86. The stock had a trading volume of 2,026,573 shares, compared to its average volume of 722,957. Bonavista Energy has a one year low of C$1.83 and a one year high of C$5.58.
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About Bonavista Energy
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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