Bonavista Energy Corp (TSE:BNP) Price Target Cut to C$3.50 by Analysts at Barclays PLC
Bonavista Energy Corp (TSE:BNP) had its target price reduced by equities research analysts at Barclays PLC from C$4.00 to C$3.50 in a research note issued on Monday, July 24th. Barclays PLC’s target price would indicate a potential upside of 24.56% from the stock’s previous close.
Other analysts have also recently issued reports about the company. National Bank Financial restated an “outperform” rating and issued a C$4.25 target price on shares of Bonavista Energy Corp in a report on Friday, May 5th. Royal Bank Of Canada upgraded Bonavista Energy Corp from a “sector perform” rating to an “outperform” rating and lowered their price target for the stock from C$6.00 to C$5.00 in a report on Friday, May 5th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Bonavista Energy Corp has an average rating of “Buy” and an average target price of C$4.89.
Bonavista Energy Corp (BNP) traded up 0.36% during mid-day trading on Monday, hitting $2.81. 418,395 shares of the stock traded hands. The company’s 50 day moving average price is $2.87 and its 200-day moving average price is $3.21. Bonavista Energy Corp has a 1-year low of $2.21 and a 1-year high of $5.58. The stock has a market cap of $720.37 million and a price-to-earnings ratio of 7.81.
In other news, insider Wayne Edward Merkel sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of C$2.78, for a total transaction of C$55,600.00.
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.
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