Bonavista Energy Corp (BNP) to Release Quarterly Earnings on Thursday
Bonavista Energy Corp (TSE:BNP) will announce its earnings results after the market closes on Thursday, November 2nd. Analysts expect the company to announce earnings of C$0.01 per share for the quarter.
Bonavista Energy Corp (BNP) opened at 2.68 on Tuesday. The firm has a market cap of $687.04 million and a price-to-earnings ratio of 7.44. The company’s 50-day moving average price is $2.83 and its 200-day moving average price is $2.84. Bonavista Energy Corp has a one year low of $2.21 and a one year high of $5.58.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Friday, September 29th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend was Thursday, September 28th.
In other news, insider Wayne Edward Merkel sold 20,000 shares of Bonavista Energy Corp stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of C$2.78, for a total transaction of C$55,600.00. Also, Director Keith A.J. Macphail sold 55,000 shares of Bonavista Energy Corp stock in a transaction on Friday, September 22nd. The shares were sold at an average price of C$3.09, for a total value of C$169,950.00. Over the last quarter, insiders have sold 78,000 shares of company stock worth $234,610.
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Several research firms recently commented on BNP. Barclays PLC lowered their target price on Bonavista Energy Corp from C$3.50 to C$3.00 in a research report on Monday. TD Securities raised their target price on Bonavista Energy Corp from C$3.25 to C$3.75 and gave the company a “buy” rating in a research report on Friday, July 28th. National Bank Financial cut Bonavista Energy Corp from an “outperform market weight” rating to a “sector perform market weight” rating in a research report on Thursday, October 12th. Finally, AltaCorp Capital cut Bonavista Energy Corp from an “outperform” rating to a “sector perform” rating in a research report on Friday, October 6th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Bonavista Energy Corp presently has a consensus rating of “Buy” and an average target price of C$4.97.
About Bonavista Energy Corp
Bonavista Energy Corporation is a resource company engaged in the acquisition, exploration, development and production of oil and natural gas assets. The Company’s West Central Core Area is characterized by natural gas and light oil resources. West Central Core Area is located within the Western Canadian Sedimentary Basin (WCSB) between Calgary and Drayton Valley, Alberta.
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