Bonterra Energy (TSE:BNE) Sets New 12-Month Low Following Analyst Downgrade

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Bonterra Energy Corp (TSE:BNE)’s share price hit a new 52-week low during trading on Thursday after CIBC lowered their price target on the stock from C$8.00 to C$7.00. The company traded as low as C$4.87 and last traded at C$4.88, with a volume of 58824 shares traded. The stock had previously closed at C$4.99.

BNE has been the topic of a number of other research reports. AltaCorp Capital lowered TORC Oil and Gas from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, April 9th. National Bank Financial lowered their target price on Yangarra Resources from C$5.50 to C$5.00 and set an “outperform” rating for the company in a report on Tuesday, June 25th. TD Securities increased their target price on WestJet Airlines from C$19.00 to C$20.00 and gave the stock a “hold” rating in a report on Wednesday, May 8th. Canaccord Genuity reiterated a “buy” rating and set a $7.50 target price on shares of in a report on Tuesday, July 9th. Finally, Raymond James reiterated a “hold” rating on shares of PrairieSky Royalty in a report on Thursday, July 11th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. Bonterra Energy has an average rating of “Hold” and an average target price of C$8.93.

In other Bonterra Energy news, Director George Frederick Fink purchased 15,000 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were bought at an average price of C$6.59 per share, with a total value of C$98,899.50. Following the completion of the purchase, the director now directly owns 3,673,799 shares in the company, valued at C$24,222,458.95. Over the last three months, insiders have purchased 100,000 shares of company stock valued at $568,723.

The company has a current ratio of 0.44, a quick ratio of 0.38 and a debt-to-equity ratio of 65.18. The stock has a market cap of $171.62 million and a price-to-earnings ratio of 32.17. The stock’s 50-day simple moving average is C$5.37.

Bonterra Energy (TSE:BNE) last issued its earnings results on Monday, May 6th. The company reported C$0.04 earnings per share (EPS) for the quarter. The business had revenue of C$49.83 million for the quarter, compared to the consensus estimate of C$52.50 million. Analysts predict that Bonterra Energy Corp will post 0.35 earnings per share for the current year.

The firm also recently announced a monthly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 31st will be issued a dividend of $0.01 per share. This represents a $0.12 annualized dividend and a yield of 2.38%. The ex-dividend date of this dividend is Friday, July 12th. Bonterra Energy’s payout ratio is 477.71%.

Bonterra Energy Company Profile (TSE:BNE)

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 located in southwest Saskatchewan, and the Prespatou area located in northeast British Columbia.

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