Scotiabank Reiterates Sector Perform Rating for Bonterra Energy Corp (BNE)
Bonterra Energy Corp (TSE:BNE)‘s stock had its “sector perform” rating reissued by analysts at Scotiabank in a research report issued to clients and investors on Friday. They presently have a C$28.50 price objective on the stock. Scotiabank’s price objective indicates a potential upside of 21.74% from the company’s current price.
BNE has been the topic of a number of other reports. TD Securities reissued a “buy” rating and issued a C$32.00 price objective on shares of Bonterra Energy Corp in a research note on Thursday, November 10th. Dundee Securities increased their price objective on shares of Bonterra Energy Corp from C$27.25 to C$27.75 in a research note on Thursday, August 11th. Finally, National Bank Financial lowered their price objective on shares of Bonterra Energy Corp from C$30.00 to C$27.50 in a research note on Wednesday, August 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of C$28.28.
Shares of Bonterra Energy Corp (TSE:BNE) opened at 23.41 on Friday. The company’s 50-day moving average is $25.48 and its 200 day moving average is $25.70. The stock’s market capitalization is $758.20 million. Bonterra Energy Corp has a 52 week low of $11.71 and a 52 week high of $29.63.
The company also recently declared a monthly dividend, which will be paid on Wednesday, November 30th. Shareholders of record on Wednesday, November 30th will be paid a dividend of $0.10 per share. The ex-dividend date is Friday, November 11th. This represents a $1.20 annualized dividend and a dividend yield of 5.13%.
About Bonterra Energy Corp
Bonterra Energy Corp. (Bonterra) is an oil and gas company that is primarily focused on the development of its Cardium land within the Pembina and Willesden Green areas located in central Alberta. The Company operates in the development and production of oil and natural gas in the Western Canadian Sedimentary Basin segment.
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