Bonterra Energy Corp (BNE) to Issue Monthly Dividend of $0.10 on September 29th
Bonterra Energy Corp (TSE:BNE) announced a monthly dividend on Thursday, September 14th, TickerTech reports. Stockholders of record on Friday, September 29th will be given a dividend of 0.10 per share on Friday, September 29th. This represents a $1.20 annualized dividend and a dividend yield of 7.50%. The ex-dividend date is Thursday, September 14th.
Bonterra Energy Corp (BNE) traded down 4.31% during mid-day trading on Friday, hitting $15.99. 119,701 shares of the stock traded hands. The firm’s 50-day moving average price is $15.87 and its 200-day moving average price is $18.48. The firm’s market cap is $532.63 million. Bonterra Energy Corp has a 52 week low of $14.18 and a 52 week high of $29.76.
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A number of brokerages have recently weighed in on BNE. National Bank Financial cut their price target on shares of Bonterra Energy Corp from C$22.00 to C$21.00 and set an “outperform” rating for the company in a report on Thursday, August 10th. Raymond James Financial, Inc. raised shares of Bonterra Energy Corp from an “outperform” rating to a “strong-buy” rating and set a C$26.00 price target for the company in a report on Thursday, August 24th. Finally, AltaCorp Capital downgraded shares of Bonterra Energy Corp from an “outperform” rating to a “sector perform” rating in a report on Thursday, August 10th. Four equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of C$29.00.
In related news, insider George Frederick Fink acquired 3,000 shares of the company’s stock in a transaction that occurred on Monday, June 12th. The stock was acquired at an average price of C$15.60 per share, with a total value of C$46,800.00.
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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