TD Securities Lowers Bonterra Energy (BNE) Price Target to C$20.00

Bonterra Energy (TSE:BNE) had its target price dropped by analysts at TD Securities from C$21.00 to C$20.00 in a report released on Wednesday. The brokerage currently has a “buy” rating on the stock. TD Securities’ price objective indicates a potential upside of 53.14% from the company’s previous close.

Several other analysts also recently weighed in on the company. 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 objective 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. Eight Capital decreased their price objective on Bonterra Energy from C$20.00 to C$18.50 in a report on Thursday, February 8th. Finally, Raymond James Financial decreased their price objective on Bonterra Energy from C$24.00 to C$22.00 in a report on Monday, February 5th. One research analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Bonterra Energy presently has a consensus rating of “Buy” and an average price target of C$21.42.

Bonterra Energy (BNE) traded down C$0.08 during mid-day trading on Wednesday, hitting C$13.06. The company had a trading volume of 149,561 shares, compared to its average volume of 144,928. The company has a market capitalization of $445.37, a P/E ratio of -653.00 and a beta of 1.02. Bonterra Energy has a 12-month low of C$12.26 and a 12-month high of C$23.97.

In related news, insider George Frederick Fink bought 5,000 shares of the business’s stock in a transaction on Monday, January 29th. The shares were bought at an average price of C$14.53 per share, for a total transaction of C$72,650.00. Insiders acquired 25,000 shares of company stock worth $345,400 in the last quarter.

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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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