Bonterra Energy (TSE:BNE) Releases Quarterly Earnings Results

Bonterra Energy (TSE:BNE) issued its quarterly earnings data on Friday. The company reported C($0.12) earnings per share for the quarter, FiscalAI reports. The company had revenue of C$56.26 million during the quarter. Bonterra Energy had a negative net margin of 0.86% and a negative return on equity of 0.41%.

Bonterra Energy Stock Performance

Shares of BNE stock traded down C$0.03 during midday trading on Friday, hitting C$6.17. 46,688 shares of the company were exchanged, compared to its average volume of 80,464. Bonterra Energy has a 52 week low of C$3.43 and a 52 week high of C$7.64. The firm has a market capitalization of C$221.66 million, a P/E ratio of -88.14 and a beta of -0.14. The firm’s 50 day moving average price is C$6.31 and its two-hundred day moving average price is C$6.07. The company has a debt-to-equity ratio of 32.35, a quick ratio of 0.21 and a current ratio of 0.60.

Bonterra Energy Company Profile

Bonterra Energy Corp. is a conventional oil and gas corporation forging a grounded path forward for Canadian energy. Operations include a large, concentrated land position in Alberta’s Pembina Cardium, one of Canada’s largest oil plays. Bonterra’s liquids-weighted Cardium production provides a foundation for implementing a return of capital strategy over time, which is focused on generating long-term, sustainable growth and value creation for shareholders. Emerging Charlie Lake and Montney resource plays are expected to provide enhanced optionality and an expanded potential development runway for the future.