Analysts Set Bonterra Energy Corp (TSE:BNE) Price Target at $28.28
Bonterra Energy Corp (TSE:BNE) has been assigned an average recommendation of “Hold” from the ten research firms that are currently covering the company. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is C$28.28.
A number of brokerages recently commented on BNE. BMO Capital Markets boosted their price objective on shares of Bonterra Energy Corp from C$26.00 to C$28.00 in a research note on Thursday, June 30th. CIBC started coverage on shares of Bonterra Energy Corp in a research note on Wednesday, June 15th. They issued an “underperform” rating and a C$25.00 price objective for the company. Dundee Securities lifted their price target on shares of Bonterra Energy Corp from C$27.25 to C$27.75 in a report on Thursday, August 11th. Scotiabank reaffirmed a “sector perform” rating and issued a C$28.50 price target on shares of Bonterra Energy Corp in a report on Thursday, August 11th. Finally, TD Securities reaffirmed a “buy” rating and issued a C$32.00 price target on shares of Bonterra Energy Corp in a report on Thursday, August 11th.
Bonterra Energy Corp (TSE:BNE) opened at 25.82 on Thursday. The company has a 50-day moving average price of $25.34 and a 200-day moving average price of $25.14. The company’s market capitalization is $855.75 million. Bonterra Energy Corp has a one year low of $11.71 and a one year high of $29.63.
The business also recently disclosed a monthly dividend, which will be paid on Monday, October 31st. Stockholders of record on Monday, October 31st will be issued a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.65%. The ex-dividend date is Wednesday, October 12th.
About Bonterra Energy Corp
Bonterra Energy Corp. (Bonterra) is an oil and gas company that is primarily focused on the development of its Cardium land within the Pembina and Willesden Green areas located in central Alberta. The Company operates in the development and production of oil and natural gas in the Western Canadian Sedimentary Basin segment.
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