Bonterra Energy (TSE:BNE) Trading Down 7.7%

Bonterra Energy Corp. (TSE:BNE)’s share price traded down 7.7% during mid-day trading on Friday . The company traded as low as C$5.75 and last traded at C$5.87. 213,382 shares were traded during mid-day trading, an increase of 322% from the average session volume of 50,605 shares. The stock had previously closed at C$6.36.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Raymond James cut their price target on shares of Bonterra Energy from C$10.00 to C$8.50 and set a “market perform” rating on the stock in a report on Friday, January 19th. Stifel Nicolaus raised their price target on shares of Bonterra Energy from C$8.00 to C$8.25 and gave the stock a “buy” rating in a report on Tuesday, March 5th.

Bonterra Energy Stock Performance

The company’s 50-day moving average price is C$5.99 and its 200 day moving average price is C$5.80. The company has a debt-to-equity ratio of 26.67, a quick ratio of 0.21 and a current ratio of 0.65. The stock has a market capitalization of C$223.62 million, a PE ratio of 5.00 and a beta of 2.85.

Bonterra Energy (TSE:BNE) last posted its earnings results on Thursday, March 7th. The company reported C$0.40 EPS for the quarter, topping the consensus estimate of C$0.31 by C$0.09. Bonterra Energy had a net margin of 16.44% and a return on equity of 8.92%. The firm had revenue of C$81.74 million during the quarter. On average, equities research analysts expect that Bonterra Energy Corp. will post 1.0653595 earnings per share for the current fiscal year.

Insider Transactions at Bonterra Energy

In related news, Director John Campbell sold 15,000 shares of Bonterra Energy stock in a transaction dated Friday, April 5th. The shares were sold at an average price of C$6.82, for a total transaction of C$102,300.00. In other Bonterra Energy news, Director Donald Michael Godfrey Stewart purchased 5,226 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was bought at an average cost of C$5.89 per share, with a total value of C$30,776.96. Also, Director John Campbell sold 15,000 shares of Bonterra Energy stock in a transaction dated Friday, April 5th. The shares were sold at an average price of C$6.82, for a total transaction of C$102,300.00. In the last ninety days, insiders purchased 11,926 shares of company stock valued at $71,542. Company insiders own 13.89% of the company’s stock.

Bonterra Energy Company Profile

Bonterra Energy Corp., a conventional oil and gas company, engages in the development and production of oil and natural gas in Canada. Its principal properties include Pembina Cardium, a conventional oil field, at the Pembina and Willesden green fields located in central Alberta; and holds 100% interest in the Montney properties that consist of approximately 28,880 acres located in the north of Grand Prairie, Alberta.