Bonterra Energy (TSE:BNE) had its target price decreased by equities researchers at Cormark from C$6.00 to C$5.00 in a report issued on Friday, BayStreet.CA reports. Cormark’s price target suggests a potential upside of 54.80% from the stock’s previous close.
Several other analysts also recently weighed in on the company. Eight Capital dropped their price target on Bonterra Energy from C$5.50 to C$4.50 in a research note on Thursday. National Bank Financial reduced their price objective on 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. BMO Capital Markets reduced their price objective on Bonterra Energy from C$4.00 to C$3.50 in a research note on Friday. Raymond James restated a “market perform” rating and issued a C$4.00 price objective on shares of Bonterra Energy in a research note on Friday, November 8th. Finally, CIBC dropped their target price on Bonterra Energy from C$5.00 to C$4.50 in a research report on Thursday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of C$4.44.
Shares of TSE BNE traded down C$0.12 during mid-day trading on Friday, hitting C$3.23. The stock had a trading volume of 85,146 shares, compared to its average volume of 106,009. The firm has a market cap of $111.85 million and a PE ratio of 8.82. The company has a debt-to-equity ratio of 59.87, a quick ratio of 0.39 and a current ratio of 0.50. The company has a 50 day moving average of C$3.81 and a two-hundred day moving average of C$3.88. Bonterra Energy has a twelve month low of C$2.86 and a twelve month high of C$8.10.
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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