Bonterra Energy Corp (BNE) Declares Monthly Dividend of $0.01

Bonterra Energy Corp (TSE:BNE) announced a monthly dividend on Monday, January 14th, TickerTech reports. Investors of record on Thursday, January 31st will be paid a dividend of 0.01 per share on Thursday, January 31st. This represents a $0.12 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend is Monday, January 14th.

Shares of TSE:BNE opened at C$6.40 on Wednesday. The company has a debt-to-equity ratio of 62.98, a quick ratio of 0.36 and a current ratio of 0.44. Bonterra Energy has a 52-week low of C$5.31 and a 52-week high of C$20.29.

Bonterra Energy (TSE:BNE) last announced its quarterly earnings results on Wednesday, November 7th. The company reported C$0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.33 by C($0.16). The business had revenue of C$63.82 million during the quarter, compared to analyst estimates of C$69.20 million. Equities analysts predict that Bonterra Energy will post 0.96 earnings per share for the current year.

In related news, insider George Frederick Fink bought 10,000 shares of the company’s stock in a transaction dated Thursday, November 15th. The shares were bought at an average price of C$10.03 per share, for a total transaction of C$100,300.00. Also, insider Robb Douglas Thompson bought 4,500 shares of the company’s stock in a transaction dated Tuesday, December 4th. The stock was bought at an average price of C$7.66 per share, for a total transaction of C$34,470.00. Insiders bought 26,500 shares of company stock worth $227,130 in the last 90 days.

BNE has been the topic of several recent research reports. Raymond James lowered Bonterra Energy from a “strong-buy” rating to an “outperform” rating and cut their price target for the stock from C$22.50 to C$22.00 in a report on Friday, October 5th. BMO Capital Markets increased their price target on Bonterra Energy from C$17.00 to C$18.00 in a report on Tuesday, October 9th. National Bank Financial cut their price target on Bonterra Energy from C$23.00 to C$21.00 and set an “outperform” rating on the stock in a report on Thursday, November 8th. Eight Capital cut their price target on Bonterra Energy from C$17.50 to C$17.00 in a report on Thursday, November 8th. Finally, AltaCorp Capital lowered Bonterra Energy from an “outperform” rating to a “sector perform” rating in a report on Thursday, November 8th.

TRADEMARK VIOLATION NOTICE: This piece was posted by WKRB News and is owned by of WKRB News. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of international trademark and copyright law. The correct version of this piece can be accessed at https://www.wkrb13.com/2019/01/09/bonterra-energy-corp-bne-declares-monthly-dividend-of-0-01.html.

About Bonterra Energy

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.

Read More: Is the Dow Jones Industrial Average (DJIA) still relevant?

Dividend History for Bonterra Energy (TSE:BNE)

Receive News & Ratings for Bonterra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bonterra Energy and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply