Bonterra Energy (TSE:BNE) had its price objective cut by Canaccord Genuity from C$8.50 to C$7.50 in a report issued on Thursday.

Other research analysts also recently issued research reports about the company. Raymond James downgraded Bonterra Energy from a strong-buy rating to an outperform rating and dropped their price target for the company from C$22.50 to C$22.00 in a research note on Wednesday. National Bank Financial downgraded Bonterra Energy from an outperform rating to a sector perform rating and dropped their price target for the company from C$21.00 to C$10.25 in a research note on Tuesday, December 11th. TD Securities dropped their price target on Bonterra Energy from C$14.50 to C$10.50 and set a hold rating for the company in a research note on Monday, December 3rd. BMO Capital Markets boosted their target price on Bonterra Energy from C$17.00 to C$18.00 in a research note on Tuesday, October 9th. Finally, AltaCorp Capital downgraded Bonterra Energy from an outperform rating to a sector perform rating in a research note on Thursday, November 8th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company has an average rating of Hold and a consensus price target of C$11.47.

BNE stock opened at C$6.80 on Thursday. Bonterra Energy has a 52 week low of C$5.31 and a 52 week high of C$20.29. The company has a quick ratio of 0.36, a current ratio of 0.44 and a debt-to-equity ratio of 62.98.

Bonterra Energy (TSE:BNE) last posted its quarterly earnings results on Wednesday, November 7th. The company reported C$0.17 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.33 by C($0.16). The company had revenue of C$63.82 million during the quarter, compared to analyst estimates of C$69.20 million. On average, equities analysts anticipate that Bonterra Energy will post 0.96 EPS for the current fiscal year.

The firm also recently announced a monthly dividend, which will be paid on Thursday, January 31st. Shareholders of record on Thursday, January 31st will be paid a dividend of $0.01 per share. This represents a $0.12 annualized dividend and a yield of 1.76%. The ex-dividend date of this dividend is Monday, January 14th. Bonterra Energy’s payout ratio is 198.02%.

In other Bonterra Energy news, insider Robb Douglas Thompson bought 4,500 shares of the stock in a transaction on Tuesday, December 4th. The stock was purchased at an average price of C$7.66 per share, with a total value of C$34,470.00. Also, insider George Frederick Fink bought 5,000 shares of the stock in a transaction on Wednesday, December 12th. The shares were acquired at an average cost of C$6.37 per share, with a total value of C$31,850.00. In the last three months, insiders have acquired 26,500 shares of company stock valued at $227,130.

Bonterra Energy Company Profile

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.

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Analyst Recommendations for Bonterra Energy (TSE:BNE)

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