Analysts Set Expectations for Bonterra Energy Corp’s FY2017 Earnings (BNE)
Bonterra Energy Corp (TSE:BNE) – Stock analysts at Cormark increased their FY2017 earnings estimates for Bonterra Energy in a research report issued on Thursday. Cormark analyst A. Arif now forecasts that the company will post earnings per share of $0.12 for the year, up from their previous forecast of $0.04. Cormark also issued estimates for Bonterra Energy’s Q4 2017 earnings at $0.11 EPS, Q1 2018 earnings at $0.19 EPS, Q2 2018 earnings at $0.19 EPS, Q3 2018 earnings at $0.18 EPS, Q4 2018 earnings at $0.22 EPS, FY2018 earnings at $0.78 EPS and FY2019 earnings at $0.99 EPS.
A number of other equities analysts have also weighed in on the company. AltaCorp Capital upgraded Bonterra Energy from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 21st. TD Securities increased their price target on Bonterra Energy from C$18.50 to C$19.50 and gave the company a “buy” rating in a research report on Thursday, November 9th. National Bank Financial increased their price objective on Bonterra Energy from C$21.00 to C$21.50 and gave the stock an “outperform” rating in a research note on Tuesday, January 9th. Raymond James Financial reduced their price objective on Bonterra Energy from C$24.00 to C$22.00 in a research note on Monday, February 5th. Finally, Eight Capital reduced their price objective on Bonterra Energy from C$20.00 to C$18.50 in a research note on Thursday, February 8th. One analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of C$21.33.
The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, February 28th. Investors of record on Thursday, February 15th will be paid a $0.10 dividend. This represents a $1.20 annualized dividend and a yield of 8.96%. The ex-dividend date of this dividend is Wednesday, February 14th. Bonterra Energy’s dividend payout ratio is currently -6,000.00%.
In other Bonterra Energy news, insider George Frederick Fink acquired 5,000 shares of Bonterra Energy stock in a transaction that occurred on Monday, January 29th. The stock was purchased at an average cost of C$14.53 per share, with a total value of C$72,650.00. Over the last three months, insiders purchased 25,000 shares of company stock valued at $345,400.
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Bonterra Energy 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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