Bonavista Energy (TSE:BNP) had its price objective hoisted by National Bank Financial from C$0.50 to C$0.60 in a research report sent to investors on Friday morning, BayStreet.CA reports. They currently have a sector perform rating on the stock.
Other analysts also recently issued reports about the company. Desjardins reduced their target price on Bonavista Energy from C$1.50 to C$1.25 in a report on Tuesday, May 7th. Royal Bank of Canada reduced their target price on Bonavista Energy from C$1.50 to C$0.75 in a report on Thursday, July 18th. GMP Securities reduced their target price on Bonavista Energy from C$1.10 to C$0.70 in a report on Friday, June 28th. TD Securities reduced their target price on Bonavista Energy from C$2.50 to C$2.25 and set a buy rating for the company in a report on Friday, May 3rd. Finally, CIBC reduced their target price on Bonavista Energy from C$1.00 to C$0.40 in a report on Thursday, July 18th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of C$0.89.
Bonavista Energy stock opened at C$0.51 on Friday. Bonavista Energy has a fifty-two week low of C$0.41 and a fifty-two week high of C$1.60. The company has a debt-to-equity ratio of 52.15, a current ratio of 0.80 and a quick ratio of 0.44. The stock has a market cap of $130.46 million and a P/E ratio of -4.81. The firm has a 50-day moving average price of C$0.47.
Bonavista Energy Corporation acquires, develops, and holds interests in oil and natural gas properties and assets in Western Canada. The company was founded in 1987 and is headquartered in Calgary, Canada.
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