Raymond James Cuts Bonavista Energy (BNP) Price Target to C$1.25

Bonavista Energy (TSE:BNP) had its price objective reduced by Raymond James from C$1.50 to C$1.25 in a report issued on Friday morning.

Other research analysts also recently issued research reports about the company. National Bank Financial lifted their price target on Bonavista Energy from C$1.40 to C$1.65 and gave the stock a sector perform rating in a research note on Wednesday, August 1st. CIBC cut their price target on Bonavista Energy from C$1.75 to C$1.65 in a research note on Friday, July 20th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of C$2.21.

TSE:BNP opened at C$1.43 on Friday. Bonavista Energy has a 52-week low of C$1.11 and a 52-week high of C$2.96.

Bonavista Energy (TSE:BNP) last released its quarterly earnings results on Tuesday, July 31st. The company reported C$0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.03 by C($0.02). The firm had revenue of C$121.10 million for 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.

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Analyst Recommendations for Bonavista Energy (TSE:BNP)

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