Bonterra Energy (BNE) Price Target Increased to C$19.50 by Analysts at TD Securities

Bonterra Energy (TSE:BNE) had its price target increased by TD Securities from C$18.50 to C$19.50 in a report issued on Thursday, November 9th. The brokerage currently has a buy rating on the stock.

A number of other research analysts also recently weighed in on the company. BMO Capital Markets cut Bonterra Energy from a market perform rating to an underperform rating and cut their target price for the stock from C$16.00 to C$15.00 in a research report on Tuesday, October 10th. Raymond James Financial upgraded Bonterra Energy from an outperform rating to a strong-buy rating and set a C$26.00 target price for the company in a research report on Thursday, August 24th. National Bank Financial dropped their price target on Bonterra Energy from C$22.00 to C$21.00 and set an outperform rating for the company in a research note on Thursday, August 17th. Finally, AltaCorp Capital lowered Bonterra Energy from an outperform rating to a sector perform rating in a research note on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Bonterra Energy presently has an average rating of Hold and a consensus target price of C$26.28.

Shares of Bonterra Energy (BNE) remained flat at $C$14.61 during trading hours on Thursday. 103,742 shares of the company’s stock traded hands, compared to its average volume of 121,104. Bonterra Energy has a twelve month low of C$13.44 and a twelve month high of C$29.76.

The business also recently declared a monthly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Thursday, November 30th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 8.21%. Bonterra Energy’s dividend payout ratio is presently -6,000.00%.

In other Bonterra Energy news, insider George Frederick Fink bought 6,000 shares of the company’s stock in a transaction that occurred on Thursday, September 28th. The shares were purchased at an average cost of C$16.77 per share, for a total transaction of C$100,620.00. Insiders bought a total of 39,000 shares of company stock worth $599,470 over the last quarter.

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About Bonterra Energy

Bonterra Energy Corp. (Bonterra) is an oil and gas company. The Company is focused on the development of its Cardium land within the Pembina and Willesden Green areas located in central Alberta. The Company is engaged in the development and production of oil and natural gas in the Western Canadian Sedimentary Basin.

Analyst Recommendations for Bonterra Energy (TSE:BNE)

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