Brokerages Set Bonavista Energy Corp (BNP) Target Price at $2.26

Shares of Bonavista Energy Corp (TSE:BNP) have received an average rating of “Hold” from the ten analysts that are covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is C$2.21.

Several analysts have commented on the stock. National Bank Financial lowered their price objective on shares of Bonavista Energy from C$1.65 to C$1.55 in a research report on Friday. Raymond James lowered their price target on shares of Bonavista Energy from C$1.50 to C$1.25 in a research report on Friday. Finally, CIBC lowered their price target on shares of Bonavista Energy from C$1.65 to C$1.55 in a research report on Friday.

BNP stock traded down C$0.01 during mid-day trading on Wednesday, hitting C$1.43. The company had a trading volume of 429,300 shares, compared to its average volume of 891,167. Bonavista Energy has a 12 month low of C$1.11 and a 12 month high of C$2.96.

Bonavista Energy (TSE:BNP) last announced its quarterly earnings data on Tuesday, July 31st. The company reported C$0.01 EPS for the quarter, missing the consensus estimate of C$0.03 by C($0.02). The company had revenue of C$121.10 million during the quarter. Bonavista Energy had a negative return on equity of 0.40% and a negative net margin of 1.51%.

Bonavista Energy Company Profile

Bonavista Energy Corporation acquires, develops, and holds interests in oil and natural gas properties and assets in Western Canada. As of December 31, 2017, its proved reserves totaled 275.0 million barrels of oil equivalent; and proved plus probable reserves were 437.7 million barrels of oil equivalent.

Further Reading: Compound Annual Growth Rate (CAGR)

Analyst Recommendations for Bonavista Energy (TSE:BNP)

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