Raymond James Reaffirms “Underperform” Rating for Bonavista Energy (TSE:BNP)

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Raymond James reissued their underperform rating on shares of Bonavista Energy (TSE:BNP) in a research report released on Friday, BayStreet.CA reports. The firm currently has a C$0.60 price objective on the stock.

Several other brokerages have also weighed in on BNP. National Bank Financial increased their price objective on shares of Bonavista Energy from C$0.50 to C$0.60 and gave the company a sector perform rating in a report on Friday. TD Securities cut their price objective on shares of Bonavista Energy from C$2.50 to C$2.25 and set a buy rating on the stock in a report on Friday, May 3rd. GMP Securities cut their price objective on shares of Bonavista Energy from C$1.10 to C$0.70 in a report on Friday, June 28th. Desjardins cut their price objective on shares of Bonavista Energy from C$1.50 to C$1.25 in a report on Tuesday, May 7th. Finally, CIBC cut their price objective on shares of 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 issued a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of C$0.89.

Shares of TSE BNP opened at C$0.51 on Friday. The firm has a 50 day simple moving average of C$0.47. Bonavista Energy has a fifty-two week low of C$0.41 and a fifty-two week high of C$1.60. The firm has a market capitalization of $130.46 million and a price-to-earnings ratio of -4.81. The company has a debt-to-equity ratio of 52.15, a current ratio of 0.80 and a quick ratio of 0.44.

About Bonavista Energy

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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Analyst Recommendations for Bonavista Energy (TSE:BNP)

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