Bonavista Energy Corp (TSE:BNP) shares hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$0.70 and last traded at C$0.71, with a volume of 491189 shares. The stock had previously closed at C$0.73.

A number of research analysts recently issued reports on the stock. Raymond James decreased their price target on shares of Bonavista Energy from C$1.00 to C$0.75 and set an “underperform” rating for the company in a research note on Monday, May 6th. BMO Capital Markets reduced their price objective on shares of Bonavista Energy from C$1.50 to C$1.25 in a research report on Friday, May 3rd. CIBC downgraded shares of Bonavista Energy from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from C$1.50 to C$1.00 in a research report on Monday, May 6th. National Bank Financial boosted their price objective on shares of Bonavista Energy from C$1.30 to C$1.40 in a research report on Monday, April 8th. Finally, TD Securities reduced their price objective on shares of Bonavista Energy from C$2.50 to C$2.25 and set a “buy” rating for the company in a research report on Friday, May 3rd. Three analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. Bonavista Energy presently has a consensus rating of “Hold” and a consensus price target of C$1.30.

The firm has a market cap of $186.74 million and a P/E ratio of -6.70. The company has a debt-to-equity ratio of 52.15, a quick ratio of 0.44 and a current ratio of 0.80.

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Bonavista Energy Company Profile (TSE:BNP)

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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