Bonavista Energy Co. (TSE:BNP) shares reached a new 52-week low on Tuesday . The stock traded as low as C$2.14 and last traded at C$2.29, with a volume of 377970 shares traded. The stock had previously closed at C$2.33.

Several research firms recently weighed in on BNP. GMP Securities decreased their price objective on shares of Bonavista Energy from C$3.75 to C$3.25 in a research report on Tuesday, November 28th. National Bank Financial cut shares of Bonavista Energy from an “outperform market weight” rating to a “sector perform market weight” rating in a research report on Thursday, October 12th. Barclays decreased their price objective on shares of Bonavista Energy from C$3.50 to C$3.00 in a research report on Monday, October 30th. Scotiabank lowered Bonavista Energy from an “outperform” rating to a “sector perform” rating and cut their target price for the stock from C$4.00 to C$3.50 in a research note on Wednesday, November 15th. Finally, AltaCorp Capital lowered Bonavista Energy from an “outperform” rating to a “sector perform” rating in a research note on Friday, October 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of C$4.23.

In other Bonavista Energy news, Director Keith A.J. Macphail sold 55,000 shares of the company’s stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of C$3.09, for a total value of C$169,950.00.

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Bonavista Energy Company Profile

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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