National Bank Financial Cuts Bonavista Energy (BNP) Price Target to C$2.25
Bonavista Energy (TSE:BNP) had its price objective trimmed by National Bank Financial from C$3.50 to C$2.25 in a report issued on Tuesday. The brokerage currently has a sector perform rating on the stock.
Several other equities analysts have also issued reports on BNP. Barclays cut their price target on Bonavista Energy from C$3.50 to C$3.00 in a research note on Monday, October 30th. Scotiabank lowered Bonavista Energy from an outperform rating to a sector perform rating and cut their price target for the company from C$4.00 to C$3.50 in a research note on Wednesday, November 15th. AltaCorp Capital lowered Bonavista Energy from an outperform rating to a sector perform rating in a research note on Friday, October 6th. GMP Securities cut their price target on Bonavista Energy from C$3.75 to C$3.25 in a research note on Tuesday, November 28th. Finally, Raymond James Financial lowered Bonavista Energy from a market perform rating to an underperform rating and cut their price target for the company from C$2.25 to C$2.00 in a research note on Thursday, November 16th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. Bonavista Energy has a consensus rating of Hold and an average price target of C$3.53.
Bonavista Energy (TSE:BNP) opened at C$1.95 on Tuesday. Bonavista Energy has a one year low of C$1.77 and a one year high of C$5.22. The stock has a market capitalization of $515.74, a price-to-earnings ratio of 4.33 and a beta of 1.12.
The business also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 2.05%. The ex-dividend date is Thursday, December 28th. Bonavista Energy’s payout ratio is 8.89%.
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About Bonavista Energy
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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