National Bank Financial Weighs in on Bonavista Energy Corp’s FY2017 Earnings (TSE:BNP)
Bonavista Energy Corp (TSE:BNP) – Equities research analysts at National Bank Financial boosted their FY2017 EPS estimates for shares of Bonavista Energy Corp in a research note issued to investors on Thursday. National Bank Financial analyst T. Wood now forecasts that the company will earn $0.60 per share for the year, up from their prior estimate of $0.53. National Bank Financial currently has a “Outperform” rating and a $4.25 target price on the stock.
A number of other equities analysts have also recently weighed in on the company. Royal Bank Of Canada raised Bonavista Energy Corp from a “sector perform” rating to an “outperform” rating and reduced their price target for the stock from C$6.00 to C$5.00 in a report on Friday, May 5th. TD Securities upped their price target on Bonavista Energy Corp from C$3.25 to C$3.75 and gave the stock a “buy” rating in a report on Friday, July 28th. Finally, Barclays PLC reduced their price target on Bonavista Energy Corp from C$4.00 to C$3.50 in a report on Monday, July 24th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of C$4.89.
Shares of Bonavista Energy Corp (BNP) traded up 0.33% during mid-day trading on Monday, reaching $3.00. The company had a trading volume of 201,585 shares. Bonavista Energy Corp has a 52 week low of $2.22 and a 52 week high of $5.58. The stock has a 50 day moving average of $2.76 and a 200-day moving average of $3.36. The company has a market capitalization of $769.07 million and a price-to-earnings ratio of 8.33.
Bonavista Energy Corp Company Profile
Bonavista Energy Corporation engages in the acquisition, exploration, development, and production of oil and natural gas assets in Western Canada. As of December 31, 2016, its proved reserves totaled 273.2 million barrels of oil equivalent; and proved plus probable reserves were 414.2 million barrels of oil equivalent.
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