Bonavista Energy Co. (BNP) to Issue Quarterly Dividend of $0.01 on January 15th
Bonavista Energy Co. (TSE:BNP) declared a quarterly dividend on Friday, December 15th, Zacks reports. Stockholders of record on Friday, December 29th will be paid a dividend of 0.01 per share on Monday, January 15th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date is Thursday, December 28th.
Bonavista Energy (TSE:BNP) traded down C$0.02 on Friday, reaching C$2.27. The company had a trading volume of 511,898 shares, compared to its average volume of 1,310,000. The firm has a market capitalization of $600.36, a PE ratio of 5.04 and a beta of 1.13. Bonavista Energy has a 52-week low of C$1.77 and a 52-week high of C$5.22.
A number of analysts recently issued reports on the company. National Bank Financial cut Bonavista Energy from an “outperform market weight” rating to a “sector perform market weight” rating in a research report on Thursday, October 12th. Barclays reduced their price target on Bonavista Energy from C$3.50 to C$3.00 in a research report on Monday, October 30th. Scotiabank cut Bonavista Energy from an “outperform” rating to a “sector perform” rating and reduced their price target for the stock from C$4.00 to C$3.50 in a research report on Wednesday, November 15th. GMP Securities reduced their price target on Bonavista Energy from C$3.75 to C$3.25 in a research report on Tuesday, November 28th. Finally, AltaCorp Capital cut Bonavista Energy from an “outperform” rating to a “sector perform” rating in a research report on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of C$3.69.
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About Bonavista Energy
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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