AltaCorp Capital Lowers Bonterra Energy Corp (TSE:BNE) to Sector Perform
Bonterra Energy Corp (TSE:BNE) was downgraded by analysts at AltaCorp Capital from an “outperform” rating to a “sector perform” rating in a report issued on Thursday.
A number of other research firms also recently weighed in on BNE. Raymond James Financial, Inc. reduced their target price on shares of Bonterra Energy Corp from C$31.00 to C$29.00 and set an “outperform” rating on the stock in a research report on Thursday, May 11th. National Bank Financial dropped their price target on shares of Bonterra Energy Corp from C$22.00 to C$21.00 and set an “outperform” rating on the stock in a research note on Thursday. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of C$29.18.
Bonterra Energy Corp (TSE:BNE) opened at 15.03 on Thursday. The company’s 50 day moving average is $16.38 and its 200-day moving average is $19.90. Bonterra Energy Corp has a 52-week low of $14.53 and a 52-week high of $29.76. The company’s market capitalization is $500.65 million.
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In other news, insider George Frederick Fink purchased 5,500 shares of the company’s stock in a transaction that occurred on Friday, May 19th. The shares were bought at an average price of C$18.54 per share, for a total transaction of C$101,970.00. In the last quarter, insiders purchased 49,850 shares of company stock worth $843,326.
About Bonterra Energy Corp
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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