Bonavista Energy Corp (TSE:BNP) – Equities research analysts at National Bank Financial cut their FY2019 earnings per share (EPS) estimates for Bonavista Energy in a research report issued to clients and investors on Tuesday, November 5th. National Bank Financial analyst T. Wood now forecasts that the company will earn ($1.26) per share for the year, down from their prior estimate of ($0.12). National Bank Financial currently has a “Sector Perform” rating and a $0.50 target price on the stock. National Bank Financial also issued estimates for Bonavista Energy’s FY2020 earnings at ($0.79) EPS.
A number of other research firms have also recently issued reports on BNP. Royal Bank of Canada dropped their price objective on Bonavista Energy from C$1.50 to C$0.75 in a report on Thursday, July 18th. BMO Capital Markets dropped their price objective on Bonavista Energy from C$0.65 to C$0.60 in a report on Friday, August 2nd. CIBC dropped their price objective on Bonavista Energy from C$1.00 to C$0.40 in a report on Thursday, July 18th. Raymond James restated an “underperform” rating and set a C$0.50 price objective on shares of Bonavista Energy in a report on Wednesday. Finally, TD Securities cut Bonavista Energy from a “buy” rating to a “reduce” rating in a report on Thursday, August 8th. Four analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. The stock presently has an average rating of “Sell” and an average target price of C$0.87.
In other Bonavista Energy news, insider Sime Armoyan acquired 69,500 shares of the company’s stock in a transaction that occurred on Friday, October 11th. The stock was bought at an average price of C$0.48 per share, for a total transaction of C$33,360.00. Following the acquisition, the insider now directly owns 40,403,600 shares in the company, valued at C$19,393,728.
Bonavista Energy Company Profile
Bonavista Energy Corporation acquires, develops, and holds interests in oil and natural gas properties and assets in Western Canada. The company was founded in 1987 and is headquartered in Calgary, Canada.
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