Bonterra Energy (BNE) PT Lowered to C$9.00 at CIBC
Bonterra Energy (TSE:BNE) had its price target lowered by equities researchers at CIBC from C$11.00 to C$9.00 in a research report issued to clients and investors on Friday. The brokerage presently has an “average” rating on the stock. CIBC’s price objective points to a potential upside of 34.53% from the stock’s previous close.
A number of other research firms have also recently weighed in on BNE. Raymond James cut shares of Bonterra Energy from a “strong-buy” rating to an “outperform” rating and cut their price objective for the company from C$22.50 to C$22.00 in a research report on Friday, October 5th. TD Securities cut their price objective on shares of Bonterra Energy from C$14.50 to C$10.50 and set a “hold” rating on the stock in a research report on Monday, December 3rd. National Bank Financial cut their price objective on shares of Bonterra Energy from C$10.25 to C$9.00 and set a “neutral” rating on the stock in a research report on Friday. Cormark cut their price objective on shares of Bonterra Energy from C$19.00 to C$12.50 in a research report on Friday. Finally, BMO Capital Markets upped their price target on shares of Bonterra Energy from C$17.00 to C$18.00 in a report on Tuesday, October 9th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Bonterra Energy presently has a consensus rating of “Hold” and a consensus price target of C$11.47.
BNE stock traded down C$0.11 during mid-day trading on Friday, reaching C$6.69. 316,749 shares of the stock traded hands, compared to its average volume of 306,886. 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 one year low of C$5.31 and a one year high of C$20.29.
In other Bonterra Energy news, insider George Frederick Fink acquired 5,000 shares of the stock in a transaction that occurred on Wednesday, December 12th. The stock was bought at an average cost of C$6.37 per share, with a total value of C$31,850.00. Also, insider Robb Douglas Thompson acquired 4,500 shares of the stock in a transaction that occurred on Tuesday, December 4th. The stock was acquired at an average cost of C$7.66 per share, with a total value of C$34,470.00. Over the last 90 days, insiders bought 26,500 shares of company stock worth $227,130.
About Bonterra Energy
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.
Recommended Story: When is a capital gain realized?
Receive News & Ratings for Bonterra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bonterra Energy and related companies with MarketBeat.com's FREE daily email newsletter.