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.
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.
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.
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