Clarus Securities Comments on Bonterra Energy Corp’s FY2016 Earnings (BNE)
Bonterra Energy Corp (TSE:BNE) – Investment analysts at Clarus Securities decreased their FY2016 earnings per share estimates for shares of Bonterra Energy Corp in a research report issued on Thursday. Clarus Securities analyst R. Pare now forecasts that the brokerage will post earnings of ($0.65) per share for the year, down from their prior estimate of ($0.36). Clarus Securities also issued estimates for Bonterra Energy Corp’s FY2017 earnings at $0.87 EPS.
BNE has been the topic of a number of other reports. TD Securities reissued a “buy” rating and issued a C$32.00 price target on shares of Bonterra Energy Corp in a report on Thursday, November 10th. Scotiabank restated a “sector perform” rating and issued a C$28.50 price objective on shares of Bonterra Energy Corp in a research report on Friday, November 11th. National Bank Financial decreased their price objective on shares of Bonterra Energy Corp from C$30.00 to C$27.50 in a research report on Wednesday, August 3rd. Finally, Dundee Securities upped their price objective on shares of Bonterra Energy Corp from C$27.25 to C$27.75 in a research report on Thursday, August 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of C$28.28.
Bonterra Energy Corp (TSE:BNE) opened at 24.45 on Monday. The stock has a 50 day moving average of $25.49 and a 200-day moving average of $25.69. Bonterra Energy Corp has a 12 month low of $11.71 and a 12 month high of $29.63. The firm’s market cap is $791.89 million.
The company also recently announced a monthly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Wednesday, November 30th will be issued a $0.10 dividend. This represents a $1.20 annualized dividend and a dividend yield of 4.91%. The ex-dividend date is Friday, November 11th.
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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