Raymond James Financial, Inc. Upgrades Bonterra Energy Corp (BNE) to Strong-Buy
Bonterra Energy Corp (TSE:BNE) was upgraded by Raymond James Financial, Inc. from an “outperform” rating to a “strong-buy” rating in a report issued on Thursday. The firm currently has a C$26.00 price objective on the stock. Raymond James Financial, Inc.’s price objective would indicate a potential upside of 64.56% from the stock’s current price.
Other research analysts have also recently issued research reports about the stock. AltaCorp Capital cut shares of Bonterra Energy Corp from an “outperform” rating to a “sector perform” rating in a research report on Thursday, August 10th. National Bank Financial cut their price objective on shares of Bonterra Energy Corp from C$22.00 to C$21.00 and set an “outperform” rating on the stock in a research report on Thursday, August 10th. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of C$29.00.
Bonterra Energy Corp (TSE BNE) opened at 15.80 on Thursday. Bonterra Energy Corp has a one year low of $14.18 and a one year high of $29.76. The firm’s market cap is $526.30 million. The stock’s 50 day moving average is $15.96 and its 200-day moving average is $19.06.
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In related news, insider George Frederick Fink bought 25,800 shares of the stock in a transaction dated Wednesday, May 31st. The stock was purchased at an average cost of C$16.45 per share, with a total value of C$424,410.00. Insiders have bought 35,650 shares of company stock valued at $580,928 over the last three months.
Bonterra Energy Corp Company Profile
Bonterra Energy Corp. (Bonterra) is an oil and gas company. The Company is focused on the development of its Cardium land within the Pembina and Willesden Green areas located in central Alberta. The Company is engaged in the development and production of oil and natural gas in the Western Canadian Sedimentary Basin.
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