Bonavista Energy (TSE:BNP) had its price target cut by National Bank Financial from C$3.50 to C$2.25 in a research note issued to investors on Tuesday, January 9th. The firm currently has a “sector perform” rating on the stock. National Bank Financial’s price target would suggest a potential upside of 11.94% from the company’s previous close.
Several other equities research analysts have also recently weighed in on the stock. Raymond James Financial lowered their price target on shares of Bonavista Energy from C$2.75 to C$2.25 and set a “market perform” rating for the company in a research report on Friday, November 3rd. GMP Securities lowered their price target on shares of Bonavista Energy from C$3.75 to C$3.25 in a research report on Tuesday, November 28th. AltaCorp Capital cut shares of Bonavista Energy from an “outperform” rating to a “sector perform” rating in a research report on Friday, October 6th. Scotiabank cut shares of Bonavista Energy from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from C$4.00 to C$3.50 in a research report on Wednesday, November 15th. Finally, Barclays reduced their price objective on shares of Bonavista Energy from C$3.50 to C$3.00 in a research note on Monday, October 30th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of C$3.53.
Bonavista Energy (TSE:BNP) traded up C$0.05 during trading on Tuesday, reaching C$2.01. 1,116,642 shares of the company’s stock traded hands, compared to its average volume of 1,026,488. The stock has a market cap of $531.61, a PE ratio of 4.47 and a beta of 1.12. Bonavista Energy has a 12 month low of C$1.77 and a 12 month high of C$5.22.
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About Bonavista Energy
Bonavista Energy Corporation is a resource company engaged in the acquisition, exploration, development and production of oil and natural gas assets. The Company’s West Central Core Area is characterized by natural gas and light oil resources. West Central Core Area is located within the Western Canadian Sedimentary Basin (WCSB) between Calgary and Drayton Valley, Alberta.
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