FY2017 EPS Estimates for Bonterra Energy Corp Lifted by Clarus Securities (BNE)

Bonterra Energy Corp (TSE:BNE) – Investment analysts at Clarus Securities upped their FY2017 earnings per share estimates for Bonterra Energy in a research report issued on Thursday. Clarus Securities analyst R. Pare now expects that the company will post earnings of $0.08 per share for the year, up from their previous estimate of $0.06.

A number of other research analysts also recently issued reports on BNE. 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 report on Thursday, November 9th. AltaCorp Capital upgraded Bonterra Energy from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 21st. 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 report on Tuesday, January 9th. Raymond James Financial cut their price target on Bonterra Energy from C$24.00 to C$22.00 in a report on Monday, February 5th. Finally, Eight Capital cut their price target on Bonterra Energy from C$20.00 to C$18.50 in a report on Thursday. One analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of C$21.33.

Bonterra Energy (BNE) opened at C$12.86 on Monday. Bonterra Energy has a fifty-two week low of C$12.26 and a fifty-two week high of C$25.89. The stock has a market capitalization of $435.71, a price-to-earnings ratio of -643.00 and a beta of 1.06.

The firm also recently announced a monthly dividend, which will be paid on Wednesday, February 28th. Investors of record on Thursday, February 15th will be paid a dividend of $0.10 per share. The ex-dividend date 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 -6,000.00%.

In other Bonterra Energy news, insider George Frederick Fink bought 5,000 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The shares were purchased at an average cost of C$13.65 per share, for a total transaction of C$68,250.00. Over the last 90 days, insiders have purchased 20,000 shares of company stock worth $280,650.

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About Bonterra Energy

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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