Bonavista Energy Corp to Issue Quarterly Dividend of $0.01 (BNP)
Bonavista Energy Corp (TSE:BNP) declared a quarterly dividend on Monday, September 18th, Zacks reports. Shareholders of record on Friday, September 29th will be given a dividend of 0.01 per share on Monday, October 16th. This represents a $0.04 annualized dividend and a yield of 1.35%. The ex-dividend date is Thursday, September 28th.
Bonavista Energy Corp (TSE BNP) opened at 2.97 on Tuesday. The firm has a 50-day moving average of $2.82 and a 200 day moving average of $2.97. Bonavista Energy Corp has a 1-year low of $2.22 and a 1-year high of $5.58. The firm has a market cap of $761.38 million and a price-to-earnings ratio of 8.25.
A number of research analysts have weighed in on BNP shares. Barclays PLC cut their price target on shares of Bonavista Energy Corp from C$4.00 to C$3.50 in a research note on Monday, July 24th. TD Securities lifted their price target on shares of Bonavista Energy Corp from C$3.25 to C$3.75 and gave the company a “buy” rating in a research note on Friday, July 28th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of C$5.03.
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In other news, insider Wayne Edward Merkel sold 20,000 shares of Bonavista Energy Corp stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of C$2.78, for a total value of C$55,600.00.
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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