Bonavista Energy (TSE:BNP) Price Target Cut to C$1.60

Bonavista Energy (TSE:BNP) had its price objective cut by investment analysts at BMO Capital Markets from C$1.75 to C$1.60 in a research note issued to investors on Friday, November 2nd. BMO Capital Markets’ price objective would indicate a potential upside of 8.11% from the company’s previous close.

Several other equities research analysts also recently weighed in on BNP. CIBC reduced their price target on shares of Bonavista Energy from C$1.75 to C$1.65 in a research report on Friday, July 20th. National Bank Financial raised their price target on shares of Bonavista Energy from C$1.40 to C$1.65 and gave the company a “sector perform” rating in a research report on Wednesday, August 1st. Raymond James cut their target price on shares of Bonavista Energy from C$1.50 to C$1.25 in a research report on Friday, October 5th. Finally, TD Securities lifted their target price on shares of Bonavista Energy from C$1.70 to C$1.85 in a research report on Friday, November 2nd. One investment analyst has rated the stock with a sell rating, four 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 an average price target of C$2.13.

Shares of BNP traded up C$0.08 on Friday, hitting C$1.48. 1,087,000 shares of the stock traded hands, compared to its average volume of 871,081. The company has a debt-to-equity ratio of 54.29, a current ratio of 0.70 and a quick ratio of 0.37. Bonavista Energy has a one year low of C$1.11 and a one year high of C$2.94.

Bonavista Energy Company Profile

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.

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Analyst Recommendations for Bonavista Energy (TSE:BNP)

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