Bonterra Energy Corp (BNE) to Issue $0.10 Monthly Dividend
Bonterra Energy Corp (TSE:BNE) declared a monthly dividend on Friday, December 1st, Zacks reports. Shareholders of record on Friday, December 15th will be given a dividend of 0.10 per share on Friday, December 29th. This represents a $1.20 annualized dividend and a yield of 8.49%. The ex-dividend date of this dividend is Thursday, December 14th.
Bonterra Energy (TSE BNE) traded up C$0.03 during trading hours on Friday, reaching C$14.13. The company’s stock had a trading volume of 141,200 shares, compared to its average volume of 124,227. Bonterra Energy has a 12-month low of C$13.44 and a 12-month high of C$29.76.
Several research analysts have issued reports on the company. TD Securities upped their price objective on Bonterra Energy from C$18.50 to C$19.50 and gave the stock a “buy” rating in a report on Thursday, November 9th. BMO Capital Markets downgraded Bonterra Energy from a “market perform” rating to an “underperform” rating and cut their price target for the company from C$16.00 to C$15.00 in a research note on Tuesday, October 10th. National Bank Financial cut their price target on Bonterra Energy from C$22.00 to C$21.00 and set an “outperform” rating on the stock in a research note on Thursday, August 17th. Finally, Raymond James Financial raised Bonterra Energy from an “outperform” rating to a “strong-buy” rating and set a C$26.00 price target on the stock in a research note on Thursday, August 24th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Bonterra Energy presently has a consensus rating of “Hold” and a consensus price target of C$26.28.
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Bonterra Energy 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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