Cormark Comments on Bonterra Energy Corp’s FY2017 Earnings (BNE)

Bonterra Energy Corp (TSE:BNE) – Equities researchers at Cormark lifted their FY2017 earnings per share (EPS) estimates for shares of Bonterra Energy in a report released on Thursday. Cormark analyst A. Arif now anticipates that the company will post earnings per share of $0.12 for the year, up from their previous estimate of $0.04. Cormark also issued estimates for Bonterra Energy’s Q4 2017 earnings at $0.11 EPS, Q1 2018 earnings at $0.19 EPS, Q2 2018 earnings at $0.19 EPS, Q3 2018 earnings at $0.18 EPS, Q4 2018 earnings at $0.22 EPS, FY2018 earnings at $0.78 EPS and FY2019 earnings at $0.99 EPS.

BNE has been the subject of several other research reports. AltaCorp Capital upgraded Bonterra Energy from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 21st. TD Securities lifted their price target on Bonterra Energy from C$18.50 to C$19.50 and gave the company a “buy” rating in a research note on Thursday, November 9th. National Bank Financial lifted their price target on Bonterra Energy from C$21.00 to C$21.50 and gave the company an “outperform” rating in a research note on Tuesday, January 9th. Eight Capital cut their price target on Bonterra Energy from C$20.00 to C$18.50 in a research note on Thursday. Finally, Raymond James Financial cut their price target on Bonterra Energy from C$24.00 to C$22.00 in a research note on Monday, February 5th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Bonterra Energy has an average rating of “Buy” and an average target price of C$21.33.

Bonterra Energy (BNE) opened at C$12.86 on Monday. Bonterra Energy has a 52 week low of C$12.26 and a 52 week high of C$25.89. The firm has a market capitalization of $435.71, a PE ratio of -643.00 and a beta of 1.06.

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Thursday, February 15th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.20 annualized dividend and a yield of 9.33%. Bonterra Energy’s dividend payout ratio (DPR) is currently -6,000.00%.

In other news, insider George Frederick Fink acquired 5,000 shares of the business’s stock in a transaction on Monday, January 29th. The stock was bought at an average cost of C$14.53 per share, for a total transaction of C$72,650.00. Over the last quarter, insiders have acquired 20,000 shares of company stock valued at $280,650.

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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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