Bonterra Energy (BNE) Rating Lowered to Sector Perform at AltaCorp Capital

Bonterra Energy (TSE:BNE) was downgraded by equities research analysts at AltaCorp Capital from an “outperform” rating to a “sector perform” rating in a report released on Thursday.

Several other research firms also recently weighed in on BNE. TD Securities downgraded Bonterra Energy from a “buy” rating to a “hold” rating and raised their price objective for the company from C$19.00 to C$19.50 in a research note on Friday, August 10th. Eight Capital raised their price objective on Bonterra Energy from C$19.00 to C$19.35 in a research note on Thursday, August 9th. BMO Capital Markets raised their price objective on Bonterra Energy from C$17.00 to C$18.00 in a research note on Tuesday, October 9th. Raymond James downgraded Bonterra Energy from a “strong-buy” rating to an “outperform” rating and dropped their price objective for the company from C$22.50 to C$22.00 in a research note on Friday, October 5th. Finally, National Bank Financial raised their price objective on Bonterra Energy from C$21.50 to C$23.00 and gave the company a “c$17.99” rating in a research note on Monday, July 23rd.

Shares of BNE stock opened at C$10.52 on Thursday. Bonterra Energy has a 12-month low of C$10.38 and a 12-month high of C$20.29. The company has a debt-to-equity ratio of 64.57, a current ratio of 0.52 and a quick ratio of 0.39.

Bonterra Energy (TSE:BNE) last released its quarterly earnings data on Wednesday, August 8th. The company reported C$0.27 earnings per share for the quarter, beating the consensus estimate of C$0.18 by C$0.09. The firm had revenue of C$60.55 million during the quarter, compared to analysts’ expectations of C$59.70 million. As a group, sell-side analysts forecast that Bonterra Energy will post 1.1099999720403 EPS for the current fiscal year.

In related news, insider George Frederick Fink purchased 2,500 shares of the company’s stock in a transaction on Tuesday, September 18th. The stock was bought at an average price of C$17.75 per share, with a total value of C$44,375.00.

Bonterra Energy Company Profile

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 in Saskatchewan, and the Prespatou area of northeast British Columbia.

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