Bonterra Energy (BNE) Price Target Raised to C$21.50
Bonterra Energy (TSE:BNE) had its price objective hoisted by investment analysts at National Bank Financial from C$21.00 to C$21.50 in a research note issued to investors on Tuesday. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s price objective would indicate a potential upside of 46.36% from the company’s current price.
A number of other equities research analysts have also weighed in on the stock. AltaCorp Capital upgraded shares of Bonterra Energy from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 21st. TD Securities raised their price objective on shares of Bonterra Energy from C$18.50 to C$19.50 and gave the company a “buy” rating in a report on Thursday, November 9th. Finally, BMO Capital Markets lowered shares of Bonterra Energy from a “market perform” rating to an “underperform” rating and reduced their price objective for the company from C$16.00 to C$15.00 in a report on Tuesday, October 10th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of C$22.70.
Shares of Bonterra Energy (BNE) traded down C$0.24 on Tuesday, hitting C$14.69. 118,444 shares of the stock were exchanged, compared to its average volume of 135,104. Bonterra Energy has a fifty-two week low of C$13.44 and a fifty-two week high of C$27.10. The firm has a market cap of $497.33, a price-to-earnings ratio of -734.50 and a beta of 1.20.
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Bonterra Energy Company Profile
Bonterra Energy Corp. (Bonterra) is an oil and gas company. The Company is focused on the development of its Cardium land within the Pembina and Willesden Green areas located in central Alberta. The Company is engaged in the development and production of oil and natural gas in the Western Canadian Sedimentary Basin.
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