Bonavista Energy Co. (TSE:BNP) shares traded up 0% on Monday after the company announced a dividend. The company traded as high as C$1.94 and last traded at C$1.83. 13,801,771 shares traded hands during mid-day trading, an increase of 1,664% from the average session volume of 782,280 shares. The stock had previously closed at C$1.83.

The newly announced dividend which will be paid on Monday, January 15th. Stockholders of record on Friday, December 29th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.04 annualized dividend and a dividend yield of 1.92%. Bonavista Energy’s dividend payout ratio is currently 8.89%.

Several research analysts have recently commented on the company. National Bank Financial lowered Bonavista Energy from an “outperform market weight” rating to a “sector perform market weight” rating in a research report on Thursday, October 12th. GMP Securities lowered their price target on Bonavista Energy from C$3.75 to C$3.25 in a research report on Tuesday, November 28th. Raymond James Financial lowered their price target on Bonavista Energy from C$2.75 to C$2.25 and set a “market perform” rating for the company in a research report on Friday, November 3rd. Scotiabank lowered Bonavista Energy from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from C$4.00 to C$3.50 in a research report on Wednesday, November 15th. Finally, Barclays lowered their price target on Bonavista Energy from C$3.50 to C$3.00 in a research report on Monday, October 30th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of C$4.23.

In other news, Director Keith A.J. Macphail sold 55,000 shares of the stock in a transaction on Friday, September 22nd. The stock was sold at an average price of C$3.09, for a total value of C$169,950.00.

ILLEGAL ACTIVITY NOTICE: “Bonavista Energy (BNP) Shares Up 0% After Dividend Announcement” was reported by Watch List News and is the sole property of of Watch List News. If you are accessing this piece on another domain, it was illegally copied and reposted in violation of United States and international copyright law. The original version of this piece can be viewed at

Bonavista Energy Company Profile

Bonavista Energy Corporation is a resource company engaged in the acquisition, exploration, development and production of oil and natural gas assets. The Company’s West Central Core Area is characterized by natural gas and light oil resources. West Central Core Area is located within the Western Canadian Sedimentary Basin (WCSB) between Calgary and Drayton Valley, Alberta.

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