Bonterra Energy (OTCMKTS:BNEFF) Trading Up 1.3% – Should You Buy?

Bonterra Energy Corp. (OTCMKTS:BNEFF) shot up 1.3% during mid-day trading on Thursday . The stock traded as high as $4.97 and last traded at $4.97. 21,927 shares changed hands during trading, an increase of 33% from the average session volume of 16,525 shares. The stock had previously closed at $4.9060.

Bonterra Energy Price Performance

The company has a debt-to-equity ratio of 0.34, a current ratio of 0.94 and a quick ratio of 0.92. The company’s 50-day simple moving average is $4.89 and its 200-day simple moving average is $3.97. The stock has a market capitalization of $181.80 million, a P/E ratio of -10.35 and a beta of 0.69.

Bonterra Energy (OTCMKTS:BNEFF) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.25). Bonterra Energy had a negative return on equity of 4.61% and a negative net margin of 10.40%.The firm had revenue of $48.49 million for the quarter, compared to the consensus estimate of $45.36 million.

Bonterra Energy Company Profile

Bonterra Energy Corp is a Canadian oil and gas exploration and production company focused on the development, production and marketing of crude oil, natural gas and natural gas liquids. Headquartered in Calgary, Alberta, the company’s core activities include drilling, well completions and field operations designed to optimize recovery across its asset base. Bonterra’s integrated approach encompasses everything from reservoir evaluation and land acquisition to production infrastructure and product sales, allowing the company to capture value throughout the commodity price cycle.

Bonterra’s operations are concentrated in the Western Canadian Sedimentary Basin, with a particular emphasis on Montney formation assets in northeast British Columbia.