Bonterra Energy Corp Plans Monthly Dividend of $0.10 (BNE)
Bonterra Energy Corp (TSE:BNE) declared a monthly dividend on Tuesday, November 14th, TickerTech reports. Shareholders of record on Thursday, November 30th will be paid a dividend of 0.10 per share on Thursday, November 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.97%. The ex-dividend date is Tuesday, November 14th.
Shares of Bonterra Energy Corp (BNE) traded up C$0.42 during trading hours on Thursday, hitting C$17.22. 179,315 shares of the stock traded hands, compared to its average volume of 151,710. Bonterra Energy Corp has a 12 month low of C$13.44 and a 12 month high of C$29.76.
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In related news, insider George Frederick Fink acquired 5,000 shares of the firm’s stock in a transaction on Friday, September 29th. The shares were purchased at an average cost of C$16.43 per share, for a total transaction of C$82,150.00. Over the last quarter, insiders acquired 39,000 shares of company stock worth $599,470.
BNE has been the subject of a number of analyst reports. BMO Capital Markets cut shares of Bonterra Energy Corp from a “market perform” rating to an “underperform” rating and decreased their price objective for the company from C$16.00 to C$15.00 in a report on Tuesday, October 10th. National Bank Financial decreased their price objective on shares of Bonterra Energy Corp from C$22.00 to C$21.00 and set an “outperform” rating for the company in a report on Thursday, August 17th. Raymond James Financial, Inc. upgraded shares of 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 report on Thursday, August 24th. AltaCorp Capital cut shares of Bonterra Energy Corp from an “outperform” rating to a “sector perform” rating in a report on Thursday, August 10th. Finally, TD Securities boosted their price objective on shares of Bonterra Energy Corp from C$18.50 to C$19.50 and gave the company a “buy” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of C$26.28.
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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