Bonavista Energy (BNP) Trading -5.1% Higher
Shares of Bonavista Energy Co. (TSE:BNP) traded up 5.1% during mid-day trading on Friday . The company traded as high as C$1.95 and last traded at C$1.86. 2,026,573 shares traded hands during mid-day trading, an increase of 180% from the average session volume of 722,957 shares. The stock had previously closed at C$1.96.
BNP has been the topic of a number of recent analyst reports. National Bank Financial lowered shares of Bonavista Energy from an “outperform market weight” rating to a “sector perform market weight” rating in a research report on Thursday, October 12th. GMP Securities dropped their price target on shares of Bonavista Energy from C$3.75 to C$3.25 in a research report on Tuesday, November 28th. Raymond James Financial dropped their price target on shares of Bonavista Energy from C$2.75 to C$2.25 and set a “market perform” rating on the stock in a research report on Friday, November 3rd. Scotiabank lowered shares of Bonavista Energy from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from C$4.00 to C$3.50 in a research report on Wednesday, November 15th. Finally, Barclays dropped their price target on shares of Bonavista Energy from C$3.50 to C$3.00 in a research report on Monday, October 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of C$4.23.
In related news, Director Keith A.J. Macphail sold 55,000 shares of the business’s stock in a transaction on Friday, September 22nd. The shares were sold at an average price of C$3.09, for a total transaction of C$169,950.00.
About Bonavista Energy
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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