Bonterra Energy (TSE:BNE) had its price objective dropped by equities research analysts at BMO Capital Markets from C$4.00 to C$3.50 in a report released on Friday, BayStreet.CA reports. BMO Capital Markets’ target price would indicate a potential upside of 8.36% from the company’s current price.
Other equities analysts have also issued reports about the stock. Scotiabank decreased their target price on shares of Bonterra Energy from C$6.50 to C$5.50 in a report on Tuesday, January 14th. National Bank Financial dropped their price target on shares of Bonterra Energy from C$5.50 to C$4.75 and set a “sector perform” rating for the company in a research note on Friday, January 31st. Canaccord Genuity raised their price target on shares of Bonterra Energy from C$4.50 to C$4.75 in a report on Tuesday, January 14th. Raymond James reaffirmed a “market perform” rating and set a C$4.00 price target on shares of Bonterra Energy in a research report on Friday, November 8th. Finally, CIBC decreased their price objective on Bonterra Energy from C$5.00 to C$4.50 in a report on Thursday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of C$4.44.
Bonterra Energy stock traded down C$0.12 during midday trading on Friday, hitting C$3.23. 85,146 shares of the stock were exchanged, compared to its average volume of 106,009. Bonterra Energy has a fifty-two week low of C$2.86 and a fifty-two week high of C$8.10. The stock has a market capitalization of $111.85 million and a price-to-earnings ratio of 8.82. The stock’s 50-day simple moving average is C$3.81 and its 200 day simple moving average is C$3.88. The company has a current ratio of 0.50, a quick ratio of 0.39 and a debt-to-equity ratio of 59.87.
Bonterra Energy Company Profile
Bonterra Energy Corp., an upstream oil and gas company, engages in the production and sale of crude oil, natural gas, and natural gas liquids. It primarily focuses on the development of its Cardium zone within the Pembina and Willesden Green areas located in west central Alberta. The company also holds interests in the Shaunavon area located in southwest Saskatchewan, and the Prespatou area located in northeast British Columbia.
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