Bonavista Energy (TSE:BNP) had its price objective lowered by equities research analysts at National Bank Financial from C$0.60 to C$0.45 in a research note issued on Friday, BayStreet.CA reports. National Bank Financial’s price objective indicates a potential downside of 8.16% from the stock’s previous close.
A number of other equities research analysts have also recently weighed in on the company. Raymond James set a C$0.50 price objective on Bonavista Energy and gave the company an “underperform” rating in a research note on Friday, December 6th. Stifel Firstegy downgraded Bonavista Energy from a “hold” rating to a “reduce” rating in a report on Wednesday, February 5th. Four investment analysts have rated the stock with a sell rating and one has issued a hold rating to the company’s stock. Bonavista Energy has a consensus rating of “Sell” and an average target price of C$0.86.
TSE:BNP traded up C$0.01 during mid-day trading on Friday, reaching C$0.49. 137,896 shares of the stock were exchanged, compared to its average volume of 174,657. The stock has a market capitalization of $125.05 million and a P/E ratio of -0.47. Bonavista Energy has a 1 year low of C$0.41 and a 1 year high of C$1.31. The company has a 50 day simple moving average of C$0.56 and a 200-day simple moving average of C$0.54. The company has a quick ratio of 0.32, a current ratio of 0.84 and a debt-to-equity ratio of 66.97.
Bonavista Energy Company Profile
Bonavista Energy Corporation acquires, develops, and holds interests in oil and natural gas properties and assets in Western Canada. The company was founded in 1987 and is headquartered in Calgary, Canada.
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