Eight Capital Trims Bonterra Energy (BNE) Target Price to C$13.75

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Bonterra Energy (TSE:BNE) had its price objective trimmed by Eight Capital from C$17.00 to C$13.75 in a report released on Friday morning.

BNE has been the subject of a number of other research reports. GMP Securities dropped their price target on Bonterra Energy from C$9.50 to C$9.00 in a research note on Thursday, December 13th. Canaccord Genuity reduced their price target on Bonterra Energy from C$8.50 to C$7.50 in a report on Thursday. BMO Capital Markets raised their price target on Bonterra Energy from C$17.00 to C$18.00 in a report on Tuesday, October 9th. CIBC reduced their price objective on Bonterra Energy from C$13.00 to C$11.00 in a report on Friday, November 30th. Finally, TD Securities reduced their price objective on Bonterra Energy from C$19.00 to C$14.50 and set a hold rating for the company in a report on Friday, November 9th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of C$11.47.

BNE stock opened at C$6.80 on Friday. The company has a current ratio of 0.44, a quick ratio of 0.36 and a debt-to-equity ratio of 62.98. Bonterra Energy has a 1-year low of C$5.31 and a 1-year high of C$20.29.

Bonterra Energy (TSE:BNE) last issued its quarterly earnings results on Wednesday, November 7th. The company reported C$0.17 EPS for the quarter, missing analysts’ consensus estimates of C$0.33 by C($0.16). The business had revenue of C$63.82 million for the quarter, compared to analyst estimates of C$69.20 million. On average, equities analysts anticipate that Bonterra Energy will post 0.96 earnings per share for the current year.

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, January 31st. Shareholders of record on Thursday, January 31st will be given a $0.01 dividend. This represents a $0.12 annualized dividend and a yield of 1.76%. The ex-dividend date of this dividend is Monday, January 14th. Bonterra Energy’s dividend payout ratio (DPR) is presently 198.02%.

In related news, insider George Frederick Fink acquired 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 15th. The stock was purchased at an average cost of C$10.03 per share, for a total transaction of C$100,300.00. Also, insider Robb Douglas Thompson acquired 4,500 shares of the firm’s stock in a transaction that occurred on Tuesday, December 4th. The shares were bought at an average price of C$7.66 per share, with a total value of C$34,470.00. Insiders acquired a total of 26,500 shares of company stock valued at $227,130 over the last quarter.

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 in Saskatchewan, and the Prespatou area of northeast British Columbia.

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Analyst Recommendations for Bonterra Energy (TSE:BNE)

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