FY2023 Earnings Estimate for Bonterra Energy Corp. Issued By Stifel Firstegy (TSE:BNE)

Bonterra Energy Corp. (TSE:BNEGet Rating) – Stock analysts at Stifel Firstegy raised their FY2023 earnings per share estimates for Bonterra Energy in a report released on Thursday, April 21st. Stifel Firstegy analyst C. Kwong now forecasts that the company will post earnings per share of $1.73 for the year, up from their previous forecast of $1.63.

BNE has been the subject of several other reports. Haywood Securities lifted their price target on shares of Bonterra Energy from C$11.00 to C$13.00 in a research note on Thursday, March 10th. Raymond James boosted their target price on shares of Bonterra Energy from C$10.00 to C$11.50 and gave the stock a “market perform” rating in a research report on Friday, March 25th. Finally, BMO Capital Markets boosted their price target on shares of Bonterra Energy from C$6.00 to C$9.00 in a report on Thursday, March 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of C$7.33.

Shares of TSE:BNE opened at C$11.27 on Monday. Bonterra Energy has a 52 week low of C$3.21 and a 52 week high of C$13.23. The firm’s fifty day moving average is C$10.75 and its 200-day moving average is C$7.93. The firm has a market cap of C$394.46 million and a PE ratio of 2.18. The company has a debt-to-equity ratio of 66.34, a quick ratio of 0.12 and a current ratio of 0.15.

Bonterra Energy (TSE:BNEGet Rating) last issued its earnings results on Wednesday, March 9th. The company reported C$0.46 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.37 by C$0.09. The company had revenue of C$79.20 million during the quarter.

In other Bonterra Energy news, Senior Officer Brad Allen Curtis sold 25,000 shares of the business’s stock in a transaction on Tuesday, February 15th. The stock was sold at an average price of C$9.04, for a total value of C$225,942.50. Following the sale, the insider now directly owns 32,180 shares of the company’s stock, valued at C$290,833.19. Also, Director John Campbell sold 16,800 shares of the business’s stock in a transaction on Monday, February 14th. The stock was sold at an average price of C$8.81, for a total value of C$148,002.96. Following the completion of the sale, the director now directly owns 15,000 shares in the company, valued at C$132,145.50.

About Bonterra Energy (Get Rating)

Bonterra Energy Corp. engages in the production and sale of crude oil, natural gas, and natural gas liquids. It primarily focuses on the development of its Cardium land 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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