Bonterra Energy (TSE:BNE) had its price target raised by Eight Capital from C$19.00 to C$19.35 in a research note released on Thursday morning.

Several other brokerages also recently issued reports on BNE. National Bank Financial boosted their price target on shares of Bonterra Energy from C$21.50 to C$23.00 and gave the company a c$17.99 rating in a report on Monday, July 23rd. CIBC boosted their price target on shares of Bonterra Energy from C$16.50 to C$18.00 in a report on Friday, July 20th. Raymond James boosted their price target on shares of Bonterra Energy from C$21.50 to C$22.50 in a report on Thursday, July 5th. TD Securities boosted their price target on shares of Bonterra Energy from C$17.00 to C$19.00 and gave the company a buy rating in a report on Thursday, May 10th. Finally, BMO Capital Markets boosted their price target 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, one has issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. Bonterra Energy presently has a consensus rating of Buy and an average price target of C$19.73.

Shares of Bonterra Energy opened at C$19.54 on Thursday, according to Marketbeat. Bonterra Energy has a 1 year low of C$12.26 and a 1 year high of C$19.98.

Bonterra Energy (TSE:BNE) last announced its quarterly earnings results on Wednesday, May 9th. The company reported C$0.10 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of C$57.12 million for the quarter, compared to analyst estimates of C$58.20 million.

The business also recently disclosed a monthly dividend, which will be paid on Friday, August 31st. Investors of record on Friday, August 31st will be issued a $0.10 dividend. This represents a $1.20 annualized dividend and a yield of 6.14%. The ex-dividend date is Tuesday, August 14th.

In related news, insider George Frederick Fink acquired 5,000 shares of Bonterra Energy stock in a transaction that occurred on Wednesday, May 16th. The stock was acquired at an average price of C$16.58 per share, with a total value of C$82,900.00. Also, Director Aidan Murphy Walsh acquired 3,000 shares of Bonterra Energy stock in a transaction that occurred on Friday, May 18th. The stock was bought at an average cost of C$16.71 per share, with a total value of C$50,130.00. Insiders purchased 16,000 shares of company stock valued at $261,260 in the last ninety 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.

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