Bonterra Energy (OTCMKTS:BNEFF) Shares Up 0.6% – Still a Buy?

Shares of Bonterra Energy Corp. (OTCMKTS:BNEFF) were up 0.6% during mid-day trading on Monday. The stock traded as high as $4.54 and last traded at $4.47. Approximately 6,341 shares were traded during trading, a decline of 64% from the average daily volume of 17,536 shares. The stock had previously closed at $4.4440.

Bonterra Energy Price Performance

The company has a debt-to-equity ratio of 0.32, a current ratio of 0.60 and a quick ratio of 0.58. The stock has a market capitalization of $162.90 million, a P/E ratio of -89.04 and a beta of 0.82. The company’s 50 day simple moving average is $4.29 and its two-hundred day simple moving average is $4.42.

Bonterra Energy (OTCMKTS:BNEFF) last posted its quarterly earnings data on Tuesday, August 11th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $59.65 million during the quarter, compared to analyst estimates of $45.06 million.

About Bonterra Energy

Bonterra Energy Corp. is a Canadian oil and natural gas exploration and production company. The company focuses on the development, acquisition and operation of conventional petroleum assets, with production consisting primarily of crude oil, natural gas and natural gas liquids.

Bonterra’s operations are concentrated in Alberta, where it holds and develops properties in established resource areas including the Pembina and Willesden Green regions. Its activities include drilling, production optimization, infrastructure management and the ongoing development of its reserve base.

Founded in the 1990s, Bonterra has historically emphasized operated, oil-weighted assets and a disciplined approach to conventional resource development.