Bonterra Energy (OTCMKTS:BNEFF) Stock Price Down 5.8% – What’s Next?

Bonterra Energy Corp. (OTCMKTS:BNEFF) fell 5.8% during mid-day trading on Monday . The company traded as low as $4.2770 and last traded at $4.2770. Approximately 29,304 shares changed hands during trading, an increase of 99% from the average session volume of 14,728 shares. The stock had previously closed at $4.54.

Bonterra Energy Trading Down 5.8%

The company has a quick ratio of 0.58, a current ratio of 0.60 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $153.63 million, a P/E ratio of -85.54 and a beta of 0.72. The firm’s 50-day moving average price is $4.17 and its 200 day moving average price is $4.44.

Bonterra Energy (OTCMKTS:BNEFF) last announced its quarterly earnings results on Tuesday, August 11th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.48. The business had revenue of $59.65 million for the quarter, compared to analysts’ expectations of $45.06 million. Bonterra Energy had a negative net margin of 0.85% and a negative return on equity of 0.43%.

Bonterra Energy Company Profile

Bonterra Energy Corp. is a Canadian oil and natural gas exploration, development and production company headquartered in Calgary, Alberta. The company focuses primarily on conventional light oil and associated natural gas production, with operations concentrated in Western Canada.

Bonterra’s principal assets are located in the Pembina Cardium area of Alberta, one of the province’s established hydrocarbon-producing regions. Its activities include drilling, operating and developing oil and natural gas wells, as well as applying horizontal drilling, enhanced recovery and other technologies to support production from mature conventional reservoirs.

The company traces its origins to the early 1990s and has historically maintained an oil-weighted business model centered on operated assets in Alberta.