Bonterra Energy (OTCMKTS:BNEFF) Shares Down 5.5% – What’s Next?

Bonterra Energy Corp. (OTCMKTS:BNEFF)’s share price traded down 5.5% during mid-day trading on Monday. The company traded as low as $4.6360 and last traded at $4.7335. 43,723 shares traded hands during trading, an increase of 202% from the average daily volume of 14,499 shares. The stock had previously closed at $5.01.

Bonterra Energy Trading Down 5.5%

The stock’s fifty day simple moving average is $4.47 and its 200-day simple moving average is $4.33. The firm has a market cap of $173.20 million, a PE ratio of -94.67 and a beta of 0.82. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.60 and a quick ratio of 0.58.

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

Bonterra Energy Company Profile

Bonterra Energy Corp. is a Canadian oil and natural gas exploration and production company headquartered in Calgary, Alberta. The company focuses on developing and producing conventional petroleum and natural gas resources, with associated natural gas liquids generated through its operations.

Bonterra’s principal assets are located in central Alberta, particularly the Pembina and Willesden Green areas. Its activities include drilling, completing and operating wells, as well as managing the gathering, processing and transportation infrastructure needed to deliver production to market.

The company has historically emphasized oil-weighted development in Alberta’s Cardium formation and has built its business around operated conventional assets.