Equities researchers at BMO Capital Markets hoisted their target price on shares of Bonterra Energy Corp (TSE:BNE) from C$60.00 to C$62.00 in a research report issued on Wednesday, American Banking News reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ price objective points to a potential upside of 11.53% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at National Bank Financial cut their price target on shares of Bonterra Energy Corp from C$62.00 to C$60.00 in a research note to investors on Wednesday. They now have an “outperform” rating on the stock. Separately, analysts at Scotiabank raised their price target on shares of Bonterra Energy Corp from C$57.00 to C$60.00 in a research note to investors on Wednesday. They now have a “sector perform” rating on the stock. Finally, analysts at CIBC reiterated a “sector outperform” rating on shares of Bonterra Energy Corp in a research note to investors on Monday. They now have a C$59.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of C$58.13.
Shares of Bonterra Energy Corp (TSE:BNE) traded up 1.68% during mid-day trading on Wednesday, hitting $55.59. The stock had a trading volume of 80,998 shares. Bonterra Energy Corp has a one year low of $39.65 and a one year high of $58.94. The stock has a 50-day moving average of $56.8 and a 200-day moving average of $52.14. The company has a market cap of $1.702 billion and a price-to-earnings ratio of 33.13.
Bonterra Energy Corp (TSE:BNE) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $1.03. Analysts expect that Bonterra Energy Corp will post $2.35 EPS for the current fiscal year.
The company also recently declared a dividend, which is scheduled for Friday, November 29th. Stockholders of record on Friday, November 15th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, November 13th.
Bonterra Energy Corp. is an oil and gas company. All of the Company’s oil and natural gas properties are located in the Provinces of Alberta, British Columbia and Saskatchewan.
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