Bonavista Energy (BNP) PT Lowered to C$2.75 at TD Securities

Bonavista Energy (TSE:BNP) had its price target reduced by TD Securities from C$3.00 to C$2.75 in a research note released on Friday. They currently have a buy rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. Desjardins lowered their price target on shares of Bonavista Energy from C$2.75 to C$2.50 and set a hold rating for the company in a research report on Monday, March 5th. BMO Capital Markets lowered their price target on shares of Bonavista Energy from C$2.25 to C$1.50 in a research report on Friday, March 2nd. Royal Bank of Canada cut shares of Bonavista Energy from an outperform rating to a sector perform rating and lowered their price target for the stock from C$3.00 to C$2.00 in a research report on Friday, March 2nd. CIBC lowered their price target on shares of Bonavista Energy from C$3.00 to C$2.50 in a research report on Tuesday, January 23rd. Finally, National Bank Financial lowered their price target on shares of Bonavista Energy from C$2.25 to C$1.75 and set a sector perform rating for the company in a research report on Friday, March 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of C$2.30.

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Shares of TSE:BNP opened at C$1.57 on Friday. Bonavista Energy has a one year low of C$1.11 and a one year high of C$3.37.

Bonavista Energy (TSE:BNP) last issued its quarterly 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 return on equity of 0.40% and a negative net margin of 1.51%. The business had revenue of C$147.19 million for the quarter.

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

About Bonavista Energy

Bonavista Energy Corporation acquires, develops, and holds interests in oil and natural gas properties and assets in Western Canada. As of December 31, 2017, its proved reserves totaled 275.0 million barrels of oil equivalent; and proved plus probable reserves were 437.7 million barrels of oil equivalent.

Analyst Recommendations for Bonavista Energy (TSE:BNP)