Bonterra Energy Corp (TSE:BNE) announced a monthly dividend on Monday, December 2nd, Zacks reports. Shareholders of record on Monday, December 16th will be given a dividend of 0.01 per share on Tuesday, December 31st. This represents a $0.12 annualized dividend and a dividend yield of 3.80%. The ex-dividend date is Friday, December 13th.
Shares of BNE stock traded up C$0.12 on Wednesday, hitting C$3.16. 23,850 shares of the stock were exchanged, compared to its average volume of 157,419. The company has a current ratio of 0.50, a quick ratio of 0.39 and a debt-to-equity ratio of 59.87. The firm has a market capitalization of $103.17 million and a P/E ratio of 8.31. Bonterra Energy has a fifty-two week low of C$2.86 and a fifty-two week high of C$8.10. The business has a 50-day moving average of C$3.33 and a 200 day moving average of C$4.52.
A number of analysts have commented on the stock. National Bank Financial cut their price target on shares of Bonterra Energy from C$6.00 to C$5.50 and set a “sector perform” rating for the company in a research note on Thursday, November 7th. Raymond James reissued a “market perform” rating and set a C$4.00 price target on shares of Bonterra Energy in a research report on Friday, November 8th. BMO Capital Markets lowered their price target on Bonterra Energy from C$5.50 to C$4.50 in a research report on Thursday, August 8th. CIBC dropped their price objective on Bonterra Energy from C$7.00 to C$5.00 in a research note on Tuesday, October 15th. Finally, TD Securities reduced their target price on Bonterra Energy from C$6.00 to C$5.00 and set a “hold” rating for the company in a research note on Thursday, August 8th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. Bonterra Energy presently has a consensus rating of “Hold” and a consensus target price of C$7.73.
Bonterra Energy Company Profile
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.
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