Bonavista Energy (TSE:BNP) had its price objective upped by CIBC from C$1.75 to C$2.00 in a research note issued to investors on Tuesday morning.

Other analysts have also issued reports about the stock. BMO Capital Markets cut their target price on shares of Bonavista Energy from C$2.25 to C$1.50 in a research note on Friday, March 2nd. Raymond James Financial cut their target price on shares of Bonavista Energy from C$1.75 to C$1.50 in a research note on Monday, February 5th. Barclays cut their target price on shares of Bonavista Energy from C$3.00 to C$2.00 in a research note on Wednesday, January 17th. GMP Securities cut their target price on shares of Bonavista Energy from C$3.75 to C$3.25 in a research note on Tuesday, November 28th. Finally, Desjardins cut their target price on shares of Bonavista Energy from C$2.75 to C$2.50 and set a hold rating for the company in a research note on Monday, March 5th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. Bonavista Energy currently has an average rating of Hold and a consensus price target of C$2.35.

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Shares of Bonavista Energy (BNP) opened at C$1.23 on Tuesday. Bonavista Energy has a one year low of C$1.11 and a one year high of C$3.61. The company has a market cap of $320.71, a P/E ratio of -10.25 and a beta of 1.11.

Bonavista Energy (TSE:BNP) last released its earnings results on Thursday, March 1st. The company reported C$0.02 EPS for the quarter, missing the consensus estimate of C$0.04 by C($0.02). Bonavista Energy had a negative net margin of 1.51% and a negative return on equity of 0.40%. The business had revenue of C$147.19 million for the quarter.

In other news, Director Ronald J.M. Poelzer purchased 175,000 shares of Bonavista Energy stock in a transaction that occurred on Wednesday, March 7th. The stock was acquired at an average price of C$1.16 per share, for a total transaction of C$203,000.00. Also, Director Theresa Jang purchased 41,670 shares of Bonavista Energy stock in a transaction that occurred on Friday, March 16th. The stock was purchased at an average price of C$1.20 per share, with a total value of C$50,004.00.

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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.

Analyst Recommendations for Bonavista Energy (TSE:BNP)

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