Bonterra Energy Corp (BNE) Announces $0.01 Monthly Dividend

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Bonterra Energy Corp (TSE:BNE) announced a monthly dividend on Thursday, November 29th, Zacks reports. Stockholders of record on Friday, December 14th will be paid a dividend of 0.01 per share on Monday, December 31st. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date is Thursday, December 13th.

Shares of Bonterra Energy stock traded down C$0.24 during trading on Friday, reaching C$6.90. The stock had a trading volume of 383,200 shares, compared to its average volume of 152,072. Bonterra Energy has a 52 week low of C$6.86 and a 52 week high of C$20.29. The company has a debt-to-equity ratio of 62.98, a quick ratio of 0.36 and a current ratio of 0.44.

Bonterra Energy (TSE:BNE) last issued its quarterly earnings results on Wednesday, November 7th. The company reported C$0.17 EPS for the quarter, missing analysts’ consensus estimates of C$0.33 by C($0.16). The firm had revenue of C$63.82 million during the quarter, compared to the consensus estimate of C$69.20 million. Equities research analysts expect that Bonterra Energy will post 1.05999999385507 EPS for the current year.

In related news, insider George Frederick Fink bought 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 18th. The shares were acquired at an average price of C$17.75 per share, for a total transaction of C$44,375.00. Also, 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 bought at an average price of C$7.66 per share, for a total transaction of C$34,470.00. Insiders have purchased 22,000 shares of company stock worth $224,895 in the last quarter.

Several research firms recently issued reports on BNE. TD Securities dropped their target price on Bonterra Energy from C$19.00 to C$14.50 and set a “hold” rating on the stock in a report on Friday, November 9th. Eight Capital dropped their target price on Bonterra Energy from C$17.50 to C$17.00 in a report on Thursday, November 8th. BMO Capital Markets dropped their target price on Bonterra Energy from C$13.50 to C$10.00 in a report on Friday, November 30th. CIBC dropped their target price on Bonterra Energy from C$13.00 to C$11.00 in a report on Friday, November 30th. Finally, AltaCorp Capital lowered Bonterra Energy from an “outperform” rating to a “sector perform” rating in a report on Thursday, November 8th.

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About Bonterra Energy

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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Dividend History for Bonterra Energy (TSE:BNE)

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