Bonavista Energy Corp (BNP) Insider Wayne Edward Merkel Sells 20,000 Shares of Stock
Bonavista Energy Corp (TSE:BNP) insider Wayne Edward Merkel sold 20,000 shares of the firm’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of C$2.78, for a total transaction of C$55,600.00.
Shares of Bonavista Energy Corp (TSE BNP) traded up 0.35% on Wednesday, reaching $2.84. The company had a trading volume of 106,010 shares. The firm has a market capitalization of $728.06 million and a price-to-earnings ratio of 7.89. The company’s 50-day moving average price is $2.86 and its 200-day moving average price is $3.23. Bonavista Energy Corp has a 52-week low of $2.21 and a 52-week high of $5.58.
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Several equities research analysts have recently issued reports on the stock. TD Securities raised their price objective on shares of Bonavista Energy Corp from C$3.25 to C$3.75 and gave the stock a “buy” rating in a research note on Friday, July 28th. Barclays PLC lowered their price objective on shares of Bonavista Energy Corp from C$4.00 to C$3.50 in a research note on Monday, July 24th. National Bank Financial restated an “outperform” rating and issued a C$4.25 price objective on shares of Bonavista Energy Corp in a research note on Friday, May 5th. Finally, Royal Bank Of Canada upgraded shares of Bonavista Energy Corp from a “sector perform” rating to an “outperform” rating and lowered their price objective for the stock from C$6.00 to C$5.00 in a research note on Friday, May 5th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Bonavista Energy Corp has a consensus rating of “Buy” and a consensus price target of C$4.89.
About Bonavista Energy Corp
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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