Bonterra Energy Corp (TSE:BNE) declared a monthly dividend on Friday, October 11th, TickerTech reports. Investors of record on Thursday, October 31st will be given a dividend of 0.01 per share on Thursday, October 31st. This represents a $0.12 annualized dividend and a yield of 3.10%. The ex-dividend date is Friday, October 11th.

TSE BNE traded down C$0.02 during trading on Wednesday, reaching C$3.87. 10,250 shares of the company’s stock traded hands, compared to its average volume of 170,024. The company has a debt-to-equity ratio of 60.68, a current ratio of 0.52 and a quick ratio of 0.38. The firm has a market cap of $131.22 million and a price-to-earnings ratio of 6.70. The company’s 50 day simple moving average is C$4.32 and its two-hundred day simple moving average is C$5.48. Bonterra Energy has a 12-month low of C$3.74 and a 12-month high of C$18.78.

Bonterra Energy (TSE:BNE) last released its quarterly earnings results on Wednesday, August 7th. The company reported C$0.12 earnings per share for the quarter. The firm had revenue of C$51.69 million during the quarter, compared to the consensus estimate of C$57.10 million. Research analysts expect that Bonterra Energy will post 0.28 earnings per share for the current fiscal year.

In other Bonterra Energy news, Director George Frederick Fink acquired 5,800 shares of the firm’s stock in a transaction on Wednesday, August 14th. The stock was acquired at an average cost of C$4.32 per share, for a total transaction of C$25,035.70. Following the purchase, the director now owns 3,810,499 shares in the company, valued at approximately C$16,448,018.93. Over the last 90 days, insiders have acquired 61,700 shares of company stock valued at $294,964.

A number of analysts have recently weighed in on the stock. CIBC lowered their price target on shares of Bonterra Energy from C$8.00 to C$7.00 in a report on Thursday, July 18th. TD Securities lowered their target price on shares of Bonterra Energy from C$6.00 to C$5.00 and set a “hold” rating for the company in a research note on Thursday, August 8th. Raymond James set a C$8.00 target price on shares of Bonterra Energy and gave the stock an “outperform” rating in a research note on Thursday, August 8th. Canaccord Genuity lowered their target price on shares of Bonterra Energy from C$9.00 to C$8.00 in a research note on Tuesday, July 9th. Finally, National Bank Financial lowered their target price on shares of Bonterra Energy from C$7.50 to C$6.00 and set a “sector perform” rating for the company in a research note on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of C$8.38.

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 located in southwest Saskatchewan, and the Prespatou area located in northeast British Columbia.

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Dividend History for Bonterra Energy (TSE:BNE)

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