Scotiabank upgraded shares of Bonavista Energy Corp (TSE:BNP) from a sector perform rating to an outperform rating in a research report released on Tuesday. The firm currently has C$5.50 price target on the stock, up from their prior price target of C$4.75.

BNP has been the subject of several other research reports. CIBC boosted their price objective on shares of Bonavista Energy Corp from C$4.00 to C$4.75 in a research note on Wednesday, September 7th. Royal Bank Of Canada reaffirmed a sector perform rating and set a C$5.00 price objective on shares of Bonavista Energy Corp in a research note on Friday, October 28th. TD Securities boosted their price objective on shares of Bonavista Energy Corp from C$5.00 to C$5.50 and gave the company a buy rating in a research note on Thursday, September 8th. CSFB lifted their target price on shares of Bonavista Energy Corp from C$3.50 to C$4.00 and gave the company a neutral rating in a research report on Wednesday, September 7th. Finally, National Bank Financial reiterated an outperform rating and set a C$5.50 target price on shares of Bonavista Energy Corp in a research report on Friday, November 4th. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of Hold and a consensus target price of C$4.63.

Shares of Bonavista Energy Corp (TSE:BNP) opened at 4.29 on Tuesday. The firm’s market capitalization is $1.10 billion. Bonavista Energy Corp has a 52-week low of $0.94 and a 52-week high of $4.94. The stock’s 50 day moving average is $4.38 and its 200 day moving average is $3.74.

Bonavista Energy Corp Company Profile

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.

Receive News & Stock Ratings for Bonavista Energy Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bonavista Energy Corp and related stocks with our FREE daily email newsletter.