Bonterra Energy (TSE:BNE) Shares Cross Above 200-Day Moving Average of $5.80

Bonterra Energy Corp. (TSE:BNE)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$5.80 and traded as high as C$6.31. Bonterra Energy shares last traded at C$6.29, with a volume of 30,304 shares trading hands.

Analysts Set New Price Targets

A number of analysts have weighed in on BNE shares. Stifel Nicolaus raised their price target on Bonterra Energy from C$8.00 to C$8.25 and gave the company a “buy” rating in a research note on Tuesday, March 5th. Raymond James cut their target price on Bonterra Energy from C$10.00 to C$8.50 and set a “market perform” rating on the stock in a research report on Friday, January 19th.

Bonterra Energy Price Performance

The stock has a 50-day moving average price of C$5.86 and a 200 day moving average price of C$5.80. The company has a debt-to-equity ratio of 26.67, a current ratio of 0.65 and a quick ratio of 0.21. The firm has a market cap of C$234.43 million, a price-to-earnings ratio of 5.24 and a beta of 2.85.

Bonterra Energy (TSE:BNE) last posted its earnings results on Thursday, March 7th. The company reported C$0.40 EPS for the quarter, topping analysts’ consensus estimates of C$0.31 by C$0.09. Bonterra Energy had a return on equity of 8.92% and a net margin of 16.44%. The business had revenue of C$81.74 million for the quarter. As a group, equities research analysts forecast that Bonterra Energy Corp. will post 1.0653595 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director John Campbell sold 15,000 shares of the firm’s stock in a transaction dated Friday, April 5th. The stock was sold at an average price of C$6.82, for a total transaction of C$102,300.00. In other Bonterra Energy news, Director Donald Michael Godfrey Stewart acquired 5,226 shares of the stock in a transaction on Tuesday, March 12th. The shares were bought at an average price of C$5.89 per share, with a total value of C$30,776.96. Also, Director John Campbell sold 15,000 shares of Bonterra Energy stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of C$6.82, for a total value of C$102,300.00. Insiders have purchased a total of 11,926 shares of company stock valued at $71,542 over the last quarter. 13.89% of the stock is currently owned by insiders.

Bonterra Energy Company Profile

Bonterra Energy Corp., a conventional oil and gas company, engages in the development and production of oil and natural gas in Canada. Its principal properties include Pembina Cardium, a conventional oil field, at the Pembina and Willesden green fields located in central Alberta; and holds 100% interest in the Montney properties that consist of approximately 28,880 acres located in the north of Grand Prairie, Alberta.