Bonavista Energy Corp (TSE:BNP) hit a new 52-week low on Thursday . The stock traded as low as C$1.27 and last traded at C$1.28, with a volume of 550659 shares traded. The stock had previously closed at C$1.33.
BNP has been the topic of several analyst reports. Raymond James Financial reduced their price objective on Bonavista Energy from C$2.75 to C$2.25 and set a “market perform” rating on the stock in a research note on Friday, November 3rd. National Bank Financial boosted their price objective on Bonavista Energy from C$3.00 to C$3.50 and gave the stock a “sector perform” rating in a research note on Friday, November 3rd. GMP Securities reduced their price objective on Bonavista Energy from C$3.75 to C$3.25 in a research note on Tuesday, November 28th. CIBC reduced their price objective on Bonavista Energy from C$3.00 to C$2.50 in a research note on Tuesday, January 23rd. Finally, Scotiabank cut Bonavista Energy from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from C$4.00 to C$3.50 in a research note on Wednesday, November 15th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of C$2.97.
The firm has a market cap of $341.18, a P/E ratio of 2.87 and a beta of 0.95.
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Bonavista Energy Company Profile
Bonavista Energy Corporation is a resource company engaged in the acquisition, exploration, development and production of oil and natural gas assets. The Company’s West Central Core Area is characterized by natural gas and light oil resources. West Central Core Area is located within the Western Canadian Sedimentary Basin (WCSB) between Calgary and Drayton Valley, Alberta.
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