Bonterra Energy (BNE) Stock Rating Lowered by National Bank Financial

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Bonterra Energy (TSE:BNE) was downgraded by investment analysts at National Bank Financial from an “outperform” rating to a “sector perform” rating in a research report issued to clients and investors on Tuesday. They currently have a C$10.25 price target on the stock, down from their prior price target of C$21.00. National Bank Financial’s price objective suggests a potential upside of 57.45% from the stock’s current price.

BNE has been the subject of a number of other reports. TD Securities reduced their price objective on shares of Bonterra Energy from C$19.00 to C$14.50 and set a “hold” rating for the company in a research note on Friday, November 9th. Eight Capital reduced their price objective on shares of Bonterra Energy from C$17.50 to C$17.00 in a research note on Thursday, November 8th. BMO Capital Markets reduced their price objective on shares of Bonterra Energy from C$13.50 to C$10.00 in a research note on Friday, November 30th. AltaCorp Capital cut shares of Bonterra Energy from an “outperform” rating to a “sector perform” rating in a research note on Thursday, November 8th. Finally, CIBC dropped their target price on shares of Bonterra Energy from C$13.00 to C$11.00 in a research report on Friday, November 30th.

Shares of Bonterra Energy stock opened at C$6.51 on Tuesday. The company has a quick ratio of 0.36, a current ratio of 0.44 and a debt-to-equity ratio of 62.98. Bonterra Energy has a 1-year low of C$6.00 and a 1-year high of C$20.29.

Bonterra Energy (TSE:BNE) last issued its quarterly earnings data on Wednesday, November 7th. The company reported C$0.17 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.33 by C($0.16). The firm had revenue of C$63.82 million for the quarter, compared to analyst estimates of C$69.20 million. As a group, research analysts anticipate that Bonterra Energy will post 0.959999929216595 EPS for the current year.

In related news, insider Robb Douglas Thompson bought 4,500 shares of the company’s stock in a transaction that occurred on Tuesday, December 4th. The shares were acquired at an average price of C$7.66 per share, with a total value of C$34,470.00. Also, insider George Frederick Fink bought 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 12th. The shares were bought at an average cost of C$6.37 per share, for a total transaction of C$31,850.00. Insiders have purchased 29,000 shares of company stock worth $271,505 in the last ninety days.

Bonterra Energy Company Profile

Bonterra Energy Corp., an upstream oil and gas company, engages in the production and sale of crude oil, natural gas, and natural gas liquids. It primarily focuses on the development of its Cardium zone within the Pembina and Willesden Green areas located in west central Alberta. The company also holds interests in the Shaunavon area in Saskatchewan, and the Prespatou area of northeast British Columbia.

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