Bonterra Energy (TSE:BNE) Stock Rating Upgraded by Raymond James

Bonterra Energy (TSE:BNEGet Rating) was upgraded by equities researchers at Raymond James from a “market perform” rating to a “buy” rating in a report issued on Monday, BayStreet.CA reports. The brokerage currently has a C$10.00 price objective on the stock, down from their previous price objective of C$12.00. Raymond James’ price target would indicate a potential upside of 48.81% from the company’s current price.

Separately, Stifel Nicolaus decreased their price objective on Bonterra Energy from C$12.00 to C$10.00 in a report on Thursday, November 10th.

Bonterra Energy Price Performance

BNE stock opened at C$6.72 on Monday. Bonterra Energy has a 52-week low of C$5.84 and a 52-week high of C$13.75. The stock’s fifty day simple moving average is C$7.01 and its 200-day simple moving average is C$7.94. The company has a quick ratio of 0.21, a current ratio of 0.28 and a debt-to-equity ratio of 37.34. The stock has a market capitalization of C$243.52 million and a price-to-earnings ratio of 3.26.

Bonterra Energy (TSE:BNEGet Rating) last posted its quarterly earnings data on Tuesday, November 8th. The company reported C$0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.57 by C($0.10). The firm had revenue of C$70.65 million during the quarter. Equities research analysts expect that Bonterra Energy will post 3.1652758 EPS for the current year.

Insider Buying and Selling

In related news, Senior Officer Brad Allen Curtis sold 19,390 shares of the stock in a transaction on Monday, November 28th. The stock was sold at an average price of C$7.64, for a total value of C$148,065.92. Following the transaction, the insider now directly owns 91,836 shares of the company’s stock, valued at approximately C$701,278.06.

About Bonterra Energy

(Get Rating)

Bonterra Energy Corp., a conventional oil and gas company, engages in the development and production of oil and natural gas in the Western Canadian Sedimentary Basin. Its principal properties include Pembina and Willesden Green Cardium fields located in central Alberta. The company also has non-core properties located in the Provinces of Saskatchewan and British Columbia.

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