Bonterra Energy (TSE:BNE) Sets New 1-Year Low at $5.26

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Bonterra Energy Corp (TSE:BNE) reached a new 52-week low during trading on Tuesday . The company traded as low as C$5.26 and last traded at C$5.33, with a volume of 114500 shares changing hands. The stock had previously closed at C$5.34.

A number of research analysts recently issued reports on the company. CIBC increased their price objective on Bonterra Energy from C$7.00 to C$8.00 in a report on Tuesday, April 23rd. Canaccord Genuity raised Bonterra Energy from a “hold” rating to a “buy” rating and increased their price target for the company from C$7.50 to C$9.00 in a research report on Tuesday, April 9th. TD Securities reduced their price target on Bonterra Energy from C$8.50 to C$7.50 and set a “hold” rating for the company in a research report on Wednesday, May 8th. AltaCorp Capital raised Bonterra Energy from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, April 9th. Finally, Raymond James reissued a “strong-buy” rating and set a C$14.00 price target on shares of Bonterra Energy in a research report on Thursday, February 14th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of C$9.48.

The company has a quick ratio of 0.38, a current ratio of 0.44 and a debt-to-equity ratio of 65.18. The stock has a market cap of $184.31 million and a P/E ratio of 32.55.

Bonterra Energy (TSE:BNE) last released its quarterly earnings data on Monday, May 6th. The company reported C$0.04 earnings per share (EPS) for the quarter. The business had revenue of C$49.83 million during the quarter, compared to analyst estimates of C$52.50 million. As a group, equities research analysts anticipate that Bonterra Energy Corp will post 0.32 EPS for the current fiscal year.

The firm also recently disclosed a monthly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a $0.01 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.35%. Bonterra Energy’s payout ratio is 477.71%.

In other Bonterra Energy news, Director George Frederick Fink acquired 18,000 shares of the business’s stock in a transaction dated Thursday, March 28th. The stock was bought at an average cost of C$6.36 per share, with a total value of C$114,480.00. Following the completion of the transaction, the director now directly owns 3,578,299 shares in the company, valued at approximately C$22,757,981.64. Over the last ninety days, insiders bought 83,000 shares of company stock valued at $518,847.

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About Bonterra Energy (TSE:BNE)

Bonterra Energy Corp., an upstream oil and gas company, engages in the production and sale of crude oil, natural gas, and natural gas liquids. It primarily focuses on the development of its Cardium zone within the Pembina and Willesden Green areas located in west central Alberta. The company also holds interests in the Shaunavon area located in southwest Saskatchewan, and the Prespatou area located in northeast British Columbia.

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