Raymond James Financial Cuts Bonavista Energy (BNP) Price Target to C$1.50

Bonavista Energy (TSE:BNP) had its price objective cut by stock analysts at Raymond James Financial from C$1.75 to C$1.50 in a report issued on Monday. Raymond James Financial’s price objective would suggest a potential downside of 3.23% from the stock’s previous close.

Other analysts also recently issued research reports about the stock. CIBC cut their price target on shares of Bonavista Energy from C$3.00 to C$2.50 in a report on Tuesday, January 23rd. National Bank Financial downgraded shares of Bonavista Energy from an “outperform market weight” rating to a “sector perform market weight” rating in a report on Thursday, October 12th. GMP Securities cut their price target on shares of Bonavista Energy from C$3.75 to C$3.25 in a report on Tuesday, November 28th. Barclays cut their price target on shares of Bonavista Energy from C$3.00 to C$2.00 in a report on Wednesday, January 17th. Finally, Scotiabank downgraded shares of Bonavista Energy from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from C$4.00 to C$3.50 in a report on Wednesday, November 15th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. Bonavista Energy currently has an average rating of “Hold” and a consensus target price of C$2.97.

Shares of Bonavista Energy (TSE:BNP) traded down C$0.01 during trading hours on Monday, hitting C$1.55. 636,488 shares of the company’s stock were exchanged, compared to its average volume of 970,645. Bonavista Energy has a 1 year low of C$1.51 and a 1 year high of C$4.94. The firm has a market cap of $412.59, a price-to-earnings ratio of 3.47 and a beta of 0.95.

Bonavista Energy (TSE:BNP) last issued its quarterly earnings results on Thursday, November 2nd. The company reported C$0.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of C($0.03) by C$0.09. Bonavista Energy had a negative net margin of 1.51% and a negative return on equity of 0.40%. The company had revenue of C$121.90 million during the quarter.

COPYRIGHT VIOLATION WARNING: This article was first published by American Banking News and is owned by of American Banking News. If you are reading this article on another publication, it was copied illegally and reposted in violation of US & international copyright & trademark laws. The legal version of this article can be viewed at https://www.americanbankingnews.com/2018/02/05/raymond-james-financial-cuts-bonavista-energy-bnp-price-target-to-c1-50.html.

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)

Receive News & Ratings for Bonavista Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bonavista Energy and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply