Bonavista Energy Co. (TSE:BNP) has been assigned a consensus rating of “Hold” from the nine brokerages that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$3.69.

BNP has been the subject of several recent research reports. GMP Securities reduced their target price on shares of Bonavista Energy from C$3.75 to C$3.25 in a report on Tuesday, November 28th. Barclays reduced their target price on shares of Bonavista Energy from C$3.50 to C$3.00 in a report on Monday, October 30th. Raymond James Financial reduced their target price on shares of 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. Scotiabank cut shares of Bonavista Energy from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from C$4.00 to C$3.50 in a report on Wednesday, November 15th. Finally, AltaCorp Capital cut shares of Bonavista Energy from an “outperform” rating to a “sector perform” rating in a report on Friday, October 6th.

Shares of Bonavista Energy (TSE:BNP) remained flat at $C$2.25 during trading on Monday. The company’s stock had a trading volume of 344,400 shares, compared to its average volume of 782,464. Bonavista Energy has a 1-year low of C$1.77 and a 1-year high of C$5.22. The stock has a market cap of $595.07, a PE ratio of 5.00 and a beta of 1.13.

The company also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Friday, December 29th will be given a dividend of $0.01 per share. The ex-dividend date is Thursday, December 28th. This represents a $0.04 annualized dividend and a yield of 1.78%. Bonavista Energy’s dividend payout ratio is presently 8.89%.

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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.

Analyst Recommendations for Bonavista Energy (TSE:BNP)

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