Bonterra Energy Corp (BNE) To Go Ex-Dividend on July 12th

Bonterra Energy Corp (TSE:BNE) announced a monthly dividend on Friday, July 12th, TickerTech reports. Stockholders of record on Wednesday, July 31st will be paid a dividend of 0.01 per share on Wednesday, July 31st. This represents a $0.12 annualized dividend and a dividend yield of 2.24%. The ex-dividend date of this dividend is Friday, July 12th.

Bonterra Energy stock traded up C$0.13 during mid-day trading on Wednesday, reaching C$5.36. The company’s stock had a trading volume of 23,693 shares, compared to its average volume of 200,937. Bonterra Energy has a 12-month low of C$4.90 and a 12-month high of C$20.29. The firm has a market cap of $168.61 million and a P/E ratio of 34.59. The company has a quick ratio of 0.38, a current ratio of 0.44 and a debt-to-equity ratio of 65.18. The stock has a fifty day moving average of C$5.54.

Bonterra Energy (TSE:BNE) last released its quarterly earnings data on Monday, May 6th. The company reported C$0.04 earnings per share for the quarter. The business had revenue of C$49.83 million during the quarter, compared to analysts’ expectations of C$52.50 million. Equities analysts expect that Bonterra Energy will post 0.35 EPS for the current fiscal year.

In other news, Director George Frederick Fink purchased 10,000 shares of Bonterra Energy stock in a transaction dated Friday, July 5th. The stock was purchased at an average cost of C$5.25 per share, for a total transaction of C$52,474.00. Following the transaction, the director now directly owns 3,758,799 shares of the company’s stock, valued at C$19,723,921.87. Insiders have bought a total of 80,000 shares of company stock valued at $464,889 over the last 90 days.

A number of research firms recently weighed in on BNE. Canaccord Genuity reduced their price objective on shares of Bonterra Energy from C$9.00 to C$8.00 in a research note on Tuesday. Raymond James reduced their price objective on shares of Bonterra Energy from C$12.00 to C$10.00 and set a “strong-buy” rating for the company in a research note on Tuesday, May 7th. CIBC lifted their price objective on shares of Bonterra Energy from C$7.00 to C$8.00 in a research note on Tuesday, April 23rd. AltaCorp Capital upgraded shares of Bonterra Energy from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, April 9th. Finally, TD Securities reduced their price objective on shares of Bonterra Energy from C$8.50 to C$7.50 and set a “hold” rating for the company in a research note on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of C$9.23.

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 located in southwest Saskatchewan, and the Prespatou area located in northeast British Columbia.

Featured Article: Depreciation

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.