Bonterra Energy (OTCMKTS:BNEFF) Trading 1.3% Higher – Still a Buy?

Bonterra Energy Corp. (OTCMKTS:BNEFF)’s stock price rose 1.3% during trading on Thursday . The stock traded as high as $4.97 and last traded at $4.97. Approximately 21,927 shares changed hands during mid-day trading, an increase of 33% from the average daily volume of 16,525 shares. The stock had previously closed at $4.9060.

Bonterra Energy Price Performance

The stock has a 50 day simple moving average of $4.89 and a two-hundred day simple moving average of $3.98. The firm has a market cap of $169.73 million, a PE ratio of -9.67 and a beta of 0.69. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.92 and a current ratio of 0.94.

Bonterra Energy (OTCMKTS:BNEFF) last issued its earnings results on Thursday, May 14th. The company reported ($0.29) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.25). The company had revenue of $48.49 million during the quarter, compared to analysts’ expectations of $45.36 million. Bonterra Energy had a negative return on equity of 4.61% and a negative net margin of 10.40%.

Bonterra Energy Company Profile

Bonterra Energy Corp is a Canadian oil and gas exploration and production company focused on the development, production and marketing of crude oil, natural gas and natural gas liquids. Headquartered in Calgary, Alberta, the company’s core activities include drilling, well completions and field operations designed to optimize recovery across its asset base. Bonterra’s integrated approach encompasses everything from reservoir evaluation and land acquisition to production infrastructure and product sales, allowing the company to capture value throughout the commodity price cycle.

Bonterra’s operations are concentrated in the Western Canadian Sedimentary Basin, with a particular emphasis on Montney formation assets in northeast British Columbia.