Bonterra Energy (TSE:BNE) had its price objective lowered by stock analysts at TD Securities from C$5.50 to C$4.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. TD Securities’ price objective points to a potential upside of 23.84% from the company’s current price.
Other analysts also recently issued reports about the company. Cormark lowered their price target on Bonterra Energy from C$6.00 to C$5.00 in a research report on Friday. Raymond James reiterated a “market perform” rating and set a C$4.00 price objective on shares of Bonterra Energy in a research report on Friday, November 8th. Eight Capital reduced their target price on shares of Bonterra Energy from C$5.50 to C$4.50 in a research note on Thursday. BMO Capital Markets lowered their target price on shares of Bonterra Energy from C$4.00 to C$3.50 in a report on Friday. Finally, Scotiabank lowered their target price on shares of Bonterra Energy from C$6.50 to C$5.50 in a report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of C$4.44.
Shares of TSE BNE traded down C$0.12 during trading hours on Friday, hitting C$3.23. 85,146 shares of the company traded hands, compared to its average volume of 106,009. The company’s 50 day moving average price is C$3.81 and its 200 day moving average price is C$3.88. Bonterra Energy has a 12 month low of C$2.86 and a 12 month 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 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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