Bonavista Energy Corp (BNP) Receives Average Rating of “Buy” from Analysts
Shares of Bonavista Energy Corp (TSE:BNP) have earned an average rating of “Buy” from the twelve brokerages that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is C$4.93.
Several analysts have issued reports on BNP shares. Royal Bank Of Canada raised Bonavista Energy Corp from a “sector perform” rating to an “outperform” rating and dropped their target price for the company from C$6.00 to C$5.00 in a research report on Friday, May 5th. National Bank Financial reissued an “outperform” rating and issued a C$4.25 price objective on shares of Bonavista Energy Corp in a research report on Friday, May 5th. Barclays PLC lowered their price objective on Bonavista Energy Corp from C$4.00 to C$3.50 in a research report on Monday, July 24th. Finally, TD Securities raised their price objective on Bonavista Energy Corp from C$3.25 to C$3.75 and gave the stock a “buy” rating in a research report on Friday, July 28th.
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Bonavista Energy Corp (TSE:BNP) traded down 0.75% during midday trading on Tuesday, reaching $2.64. The company had a trading volume of 366,512 shares. The stock has a market capitalization of $676.79 million and a PE ratio of 7.33. Bonavista Energy Corp has a 12-month low of $2.21 and a 12-month high of $5.58. The company has a 50-day moving average of $2.87 and a 200-day moving average of $3.14.
In related news, insider Wayne Edward Merkel sold 20,000 shares of the firm’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of C$2.78, for a total value of C$55,600.00.
Bonavista Energy Corp 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.
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