Bonterra Energy (TSE:BNE) Stock Price Crosses Above 200 Day Moving Average of $5.83

Shares of Bonterra Energy Corp. (TSE:BNE) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$5.83 and traded as high as C$6.62. Bonterra Energy shares last traded at C$6.46, with a volume of 26,455 shares changing hands.

Analyst Ratings Changes

Several brokerages recently weighed in on BNE. Raymond James dropped their target price on Bonterra Energy from C$10.00 to C$8.50 and set a “market perform” rating for the company in a report on Friday, January 19th. Stifel Nicolaus increased their price objective on Bonterra Energy from C$8.00 to C$8.25 and gave the stock a “buy” rating in a report on Tuesday, March 5th.

Bonterra Energy Trading Down 3.1 %

The company has a current ratio of 0.65, a quick ratio of 0.21 and a debt-to-equity ratio of 26.67. The firm has a fifty day simple moving average of C$5.77 and a two-hundred day simple moving average of C$5.83. The firm has a market cap of C$231.45 million, a PE ratio of 5.18 and a beta of 2.85.

Bonterra Energy (TSE:BNE) last released its quarterly earnings data on Thursday, March 7th. The company reported C$0.40 earnings per share for the quarter, topping the consensus estimate of C$0.31 by C$0.09. Bonterra Energy had a return on equity of 8.92% and a net margin of 16.44%. The business had revenue of C$81.74 million during the quarter. Equities analysts forecast that Bonterra Energy Corp. will post 1.0653595 EPS for the current year.

Insider Transactions at Bonterra Energy

In other news, Director Donald Michael Godfrey Stewart bought 5,226 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was purchased at an average price of C$5.89 per share, with a total value of C$30,776.96. In related news, Director John Campbell sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of C$6.82, for a total transaction of C$102,300.00. Also, Director Donald Michael Godfrey Stewart acquired 5,226 shares of Bonterra Energy stock in a transaction that occurred on Tuesday, March 12th. The shares were bought at an average cost of C$5.89 per share, with a total value of C$30,776.96. In the last quarter, insiders bought 11,926 shares of company stock valued at $71,542. Corporate insiders own 13.89% of the company’s stock.

Bonterra Energy Company Profile

Bonterra Energy Corp., a conventional oil and gas company, engages in the development and production of oil and natural gas in Canada. Its principal properties include Pembina Cardium, a conventional oil field, at the Pembina and Willesden green fields located in central Alberta; and holds 100% interest in the Montney properties that consist of approximately 28,880 acres located in the north of Grand Prairie, Alberta.