Bonterra Energy (OTCMKTS:BNEFF) Stock Price Up 0.6% – Still a Buy?

Bonterra Energy Corp. (OTCMKTS:BNEFF)’s share price rose 0.6% during mid-day trading on Monday. The company traded as high as $4.54 and last traded at $4.47. 6,341 shares traded hands during trading, a decline of 64% from the average session volume of 17,536 shares. The stock had previously closed at $4.4440.

Bonterra Energy Stock Performance

The firm has a market capitalization of $163.56 million, a P/E ratio of -89.40 and a beta of 0.82. The company’s 50 day moving average is $4.28 and its 200-day moving average is $4.43. The company has a quick ratio of 0.58, a current ratio of 0.60 and a debt-to-equity ratio of 0.32.

Bonterra Energy (OTCMKTS:BNEFF) last posted its quarterly earnings results on Tuesday, August 11th. The company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.48. The business had revenue of $59.65 million for the quarter, compared to the consensus estimate of $45.06 million. Bonterra Energy had a negative return on equity of 0.43% and a negative net margin of 0.85%.

About Bonterra Energy

Bonterra Energy Corp. is a Canadian oil and natural gas exploration and production company. The company focuses on the development, acquisition and operation of conventional petroleum assets, with production consisting primarily of crude oil, natural gas and natural gas liquids.

Bonterra’s operations are concentrated in Alberta, where it holds and develops properties in established resource areas including the Pembina and Willesden Green regions. Its activities include drilling, production optimization, infrastructure management and the ongoing development of its reserve base.

Founded in the 1990s, Bonterra has historically emphasized operated, oil-weighted assets and a disciplined approach to conventional resource development.