Bonterra Energy (TSE:BNE) Shares Cross Above 200-Day Moving Average of $5.80

Bonterra Energy Corp. (TSE:BNE) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$5.80 and traded as high as C$6.31. Bonterra Energy shares last traded at C$6.29, with a volume of 30,304 shares changing hands.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on BNE. Stifel Nicolaus increased their price objective on shares of Bonterra Energy from C$8.00 to C$8.25 and gave the company a “buy” rating in a report on Tuesday, March 5th. Raymond James lowered their target price on shares of Bonterra Energy from C$10.00 to C$8.50 and set a “market perform” rating for the company in a research note on Friday, January 19th.

Bonterra Energy Price Performance

The company has a debt-to-equity ratio of 26.67, a current ratio of 0.65 and a quick ratio of 0.21. The stock has a market cap of C$234.43 million, a P/E ratio of 5.24 and a beta of 2.85. The company’s 50 day simple moving average is C$5.86 and its 200 day simple moving average is C$5.80.

Bonterra Energy (TSE:BNE) last issued its earnings results on Thursday, March 7th. The company reported C$0.40 EPS for the quarter, beating the consensus estimate of C$0.31 by C$0.09. Bonterra Energy had a net margin of 16.44% and a return on equity of 8.92%. The firm had revenue of C$81.74 million during the quarter. As a group, equities analysts forecast that Bonterra Energy Corp. will post 1.0653595 earnings per share for the current year.

Insider Transactions at Bonterra Energy

In related news, Director Donald Michael Godfrey Stewart acquired 5,226 shares of the stock in a transaction dated Tuesday, March 12th. The stock was bought at an average price of C$5.89 per share, with a total value of C$30,776.96. In related news, Director Donald Michael Godfrey Stewart acquired 5,226 shares of the stock in a transaction dated Tuesday, March 12th. The stock was bought at an average price of C$5.89 per share, with a total value of C$30,776.96. Also, Director John Campbell sold 15,000 shares of the stock in a transaction on Friday, April 5th. The stock was sold at an average price of C$6.82, for a total transaction of C$102,300.00. Insiders purchased 11,926 shares of company stock valued at $71,542 over the last quarter. Corporate insiders own 13.89% of the company’s stock.

About Bonterra Energy

Bonterra Energy Corp., a conventional oil and gas company, engages in the development and production of oil and natural gas in Canada. Its principal properties include Pembina Cardium, a conventional oil field, at the Pembina and Willesden green fields located in central Alberta; and holds 100% interest in the Montney properties that consist of approximately 28,880 acres located in the north of Grand Prairie, Alberta.