Bonterra Energy Corp (BNE) to Issue Monthly Dividend of $0.10
Bonterra Energy Corp (TSE:BNE) declared a monthly dividend on Friday, October 13th, TickerTech reports. Stockholders of record on Tuesday, October 31st will be paid a dividend of 0.10 per share on Tuesday, October 31st. This represents a $1.20 annualized dividend and a dividend yield of 7.72%. The ex-dividend date is Friday, October 13th.
Bonterra Energy Corp (TSE BNE) opened at 15.54 on Friday. The firm’s market cap is $517.64 million. The stock has a 50 day moving average price of $15.89 and a 200 day moving average price of $17.50. Bonterra Energy Corp has a 12 month low of $14.18 and a 12 month high of $29.76.
Several research firms recently weighed in on BNE. AltaCorp Capital cut Bonterra Energy Corp from an “outperform” rating to a “sector perform” rating in a research report on Thursday, August 10th. Raymond James Financial, Inc. raised Bonterra Energy Corp from an “outperform” rating to a “strong-buy” rating and set a C$26.00 price objective for the company in a research report on Thursday, August 24th. Finally, National Bank Financial cut their price objective on Bonterra Energy Corp from C$22.00 to C$21.00 and set an “outperform” rating for the company in a research report on Thursday, August 10th. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of C$29.00.
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In other news, insider George Frederick Fink purchased 6,000 shares of the stock in a transaction that occurred on Thursday, September 28th. The shares were purchased at an average cost of C$16.77 per share, for a total transaction of C$100,620.00. Insiders have purchased 16,000 shares of company stock worth $264,220 over the last 90 days.
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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