Bonterra Energy Corp to Post FY2019 Earnings of $0.71 Per Share, Cormark Forecasts (TSE:BNE)
Bonterra Energy Corp (TSE:BNE) – Investment analysts at Cormark issued their FY2019 earnings estimates for shares of Bonterra Energy Corp in a report released on Thursday. Cormark analyst A. Arif expects that the company will earn $0.71 per share for the year.
Other equities research analysts have also recently issued reports about the company. National Bank Financial dropped their price objective on Bonterra Energy Corp from C$22.00 to C$21.00 and set an “outperform” rating on the stock in a research report on Thursday. AltaCorp Capital cut Bonterra Energy Corp from an “outperform” rating to a “sector perform” rating in a research report on Thursday. Finally, Raymond James Financial, Inc. dropped their price objective on 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. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of C$29.18.
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Bonterra Energy Corp (BNE) traded down 0.40% during midday trading on Friday, hitting $14.87. The stock had a trading volume of 132,374 shares. The firm’s market cap is $492.02 million. The firm has a 50 day moving average of $16.38 and a 200 day moving average of $19.90. Bonterra Energy Corp has a 52 week low of $14.53 and a 52 week high of $29.76.
In other news, insider George Frederick Fink bought 3,000 shares of the company’s stock in a transaction on Monday, June 12th. The shares were acquired at an average cost of C$15.60 per share, with a total value of C$46,800.00. Insiders acquired 49,850 shares of company stock worth $843,326 over the last three months.
The company also recently announced a monthly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Tuesday, August 15th will be given a $0.10 dividend. The ex-dividend date is Friday, August 11th. This represents a $1.20 annualized dividend and a yield of 8.07%.
Bonterra Energy Corp Company Profile
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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