Bonterra Energy (TSE:BNE) Hits New 52-Week Low at $2.88

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Bonterra Energy Corp (TSE:BNE) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$2.88 and last traded at C$2.92, with a volume of 61710 shares. The stock had previously closed at C$2.97.

BNE has been the subject of a number of research reports. CIBC cut their target price on shares of Bonterra Energy from C$7.00 to C$5.00 in a research note on Tuesday, October 15th. National Bank Financial cut their target price on shares of Bonterra Energy from C$6.00 to C$5.50 and set a “sector perform” rating for the company in a research note on Thursday, November 7th. TD Securities cut their target price on shares of Bonterra Energy from C$6.00 to C$5.00 and set a “hold” rating for the company in a research note on Thursday, August 8th. BMO Capital Markets cut their target price on shares of Bonterra Energy from C$5.50 to C$4.50 in a research note on Thursday, August 8th. Finally, Raymond James restated a “market perform” rating and set a C$4.00 target price on shares of Bonterra Energy in a research note on Friday, November 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of C$7.73.

The company has a current ratio of 0.50, a quick ratio of 0.39 and a debt-to-equity ratio of 59.87. The firm’s 50 day simple moving average is C$3.61 and its two-hundred day simple moving average is C$4.79. The firm has a market cap of $99.17 million and a price-to-earnings ratio of 7.80.

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 29th will be paid a $0.01 dividend. This represents a $0.12 annualized dividend and a yield of 4.14%. The ex-dividend date is Thursday, November 14th. Bonterra Energy’s dividend payout ratio (DPR) is 129.03%.

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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