Bonterra Energy Corp (TSE:BNE) Announces Monthly Dividend of $0.01

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Bonterra Energy Corp (TSE:BNE) announced a monthly dividend on Thursday, November 14th, TickerTech reports. Investors of record on Friday, November 29th will be given a dividend of 0.01 per share on Friday, November 29th. This represents a $0.12 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date is Thursday, November 14th.

Shares of Bonterra Energy stock traded up C$0.13 during trading hours on Tuesday, hitting C$3.20. The company’s stock had a trading volume of 26,488 shares, compared to its average volume of 162,248. Bonterra Energy has a 1-year low of C$3.02 and a 1-year high of C$10.94. The business has a fifty day moving average of C$3.81 and a 200 day moving average of C$4.93. The company has a market capitalization of $102.50 million and a PE ratio of 5.50. The company has a quick ratio of 0.38, a current ratio of 0.52 and a debt-to-equity ratio of 60.68.

Several analysts recently issued reports on BNE shares. TD Securities lowered their price target on Bonterra Energy from C$6.00 to C$5.00 and set a “hold” rating for the company in a report on Thursday, August 8th. CIBC lowered their price target on Bonterra Energy from C$7.00 to C$5.00 in a report on Tuesday, October 15th. Raymond James reiterated a “market perform” rating and issued a C$4.00 target price on shares of Bonterra Energy in a research note on Friday. National Bank Financial lowered their target price on Bonterra Energy from C$6.00 to C$5.50 and set a “sector perform” rating for the company in a research note on Thursday, November 7th. Finally, BMO Capital Markets lowered their target price on Bonterra Energy from C$5.50 to C$4.50 in a research note on Thursday, August 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. Bonterra Energy has a consensus rating of “Hold” and an average price target of C$7.73.

In other news, Director George Frederick Fink purchased 5,800 shares of the stock in a transaction that occurred on Wednesday, August 14th. The stock was acquired at an average cost of C$4.32 per share, with a total value of C$25,035.70. Following the acquisition, the director now owns 3,810,499 shares in the company, valued at C$16,448,018.93. Insiders acquired 35,800 shares of company stock valued at $141,639 in the last ninety days.

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

See Also: What kind of dividend yield to CEF’s pay?

Dividend History for Bonterra Energy (TSE:BNE)

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