Bonterra Energy Corp (TSE:BNE) declared a monthly dividend on Thursday, June 14th, TickerTech reports. Shareholders of record on Friday, June 29th will be paid a dividend of 0.10 per share on Friday, June 29th. This represents a $1.20 dividend on an annualized basis and a yield of 7.48%. The ex-dividend date is Thursday, June 14th.

TSE BNE traded down C$0.24 on Wednesday, reaching C$16.04. 60,256 shares of the company’s stock traded hands, compared to its average volume of 136,865. Bonterra Energy has a 12 month low of C$12.26 and a 12 month high of C$17.59.

Bonterra Energy (TSE:BNE) last issued its quarterly earnings results on Wednesday, May 9th. The company reported C$0.10 EPS for the quarter, missing analysts’ consensus estimates of C$0.13 by C($0.03). Bonterra Energy had a negative net margin of 7.05% and a negative return on equity of 2.33%. The business had revenue of C$57.12 million for the quarter, compared to the consensus estimate of C$58.20 million.

BNE has been the topic of a number of recent research reports. TD Securities reduced their price target on shares of Bonterra Energy from C$21.00 to C$20.00 and set a “buy” rating on the stock in a research report on Wednesday, March 14th. CIBC increased their price target on shares of Bonterra Energy from C$15.00 to C$16.00 in a research report on Tuesday, March 20th. Raymond James reduced their price target on shares of Bonterra Energy from C$22.00 to C$21.50 and set a “strong-buy” rating on the stock in a research report on Thursday, May 10th. Finally, BMO Capital Markets raised their target price on shares of Bonterra Energy from C$13.00 to C$16.00 in a report on Thursday, May 10th. One analyst has rated the stock with a sell rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Bonterra Energy currently has an average rating of “Buy” and a consensus target price of C$18.83.

In other news, Director Aidan Murphy Walsh bought 3,000 shares of the business’s stock in a transaction dated Friday, May 18th. The shares were purchased at an average price of C$16.71 per share, for a total transaction of C$50,130.00. Also, insider George Frederick Fink bought 15,000 shares of the business’s stock in a transaction dated Thursday, March 29th. The stock was purchased at an average price of C$13.13 per share, for a total transaction of C$196,950.00. Insiders bought 63,000 shares of company stock worth $873,130 in the last 90 days.

About Bonterra Energy

Bonterra Energy Corp., an upstream oil and gas company, engages in the production and sale of crude oil, natural gas, and natural gas liquids. It primarily focuses on the development of its Cardium zone within the Pembina and Willesden Green areas located in west central Alberta. The company also holds interests in the Shaunavon area in Saskatchewan, and the Prespatou area of northeast British Columbia.

Dividend History for Bonterra Energy (TSE:BNE)

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