Bonterra Energy Corp (TSE:BNE) shares reached a new 52-week low on Tuesday . The stock traded as low as C$2.88 and last traded at C$2.92, with a volume of 61710 shares traded. The stock had previously closed at C$2.97.

Several equities research analysts have weighed in on BNE shares. TD Securities cut their target price on shares of Bonterra Energy from C$6.00 to C$5.00 and set a “hold” rating on the stock in a report on Thursday, August 8th. BMO Capital Markets cut their target price on shares of Bonterra Energy from C$5.50 to C$4.50 in a report on Thursday, August 8th. CIBC cut their target price on shares of Bonterra Energy from C$7.00 to C$5.00 in a report on Tuesday, October 15th. National Bank Financial cut their target price on shares of Bonterra Energy from C$6.00 to C$5.50 and set a “sector perform” rating on the stock in a report on Thursday, November 7th. Finally, Raymond James reiterated a “market perform” rating and issued a C$4.00 target price on shares of Bonterra Energy in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of C$7.73.

The company’s fifty day simple moving average is C$3.61 and its two-hundred day simple moving average is C$4.79. The company has a quick ratio of 0.39, a current ratio of 0.50 and a debt-to-equity ratio of 59.87. The company has a market capitalization of $99.17 million and a price-to-earnings ratio of 7.80.

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 29th will be given a dividend of $0.01 per share. This represents a $0.12 annualized dividend and a dividend yield of 4.14%. The ex-dividend date is Thursday, November 14th. Bonterra Energy’s dividend payout ratio is 129.03%.

About Bonterra Energy (TSE:BNE)

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.

Further Reading: Support Level

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