National Bank Financial Boosts Bonavista Energy (TSE:BNP) Price Target to C$1.40

Bonavista Energy (TSE:BNP) had its price objective boosted by National Bank Financial from C$1.30 to C$1.40 in a report released on Monday, April 8th, BayStreet.CA reports.

A number of other research firms have also recently commented on BNP. CIBC lowered their price objective on shares of Bonavista Energy from C$1.55 to C$1.50 in a research report on Friday, February 1st. Raymond James restated an underperform rating and issued a C$1.00 price objective on shares of Bonavista Energy in a research report on Tuesday, February 19th. AltaCorp Capital cut shares of Bonavista Energy from a sector perform rating to an underperform rating in a research report on Monday, January 7th. Royal Bank of Canada reduced their target price on shares of Bonavista Energy from C$1.75 to C$1.50 in a research note on Tuesday, January 8th. Finally, GMP Securities lowered shares of Bonavista Energy from a buy rating to a hold rating and reduced their target price for the stock from C$2.00 to C$1.40 in a research note on Thursday, December 13th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of C$1.41.

Shares of BNP traded down C$0.08 during trading hours on Monday, reaching C$0.89. The stock had a trading volume of 4,533,400 shares, compared to its average volume of 569,521. The company has a quick ratio of 0.46, a current ratio of 1.07 and a debt-to-equity ratio of 51.65. Bonavista Energy has a 52 week low of C$0.84 and a 52 week high of C$1.75. The stock has a market cap of $227.35 million and a P/E ratio of 22.25.

Bonavista Energy (TSE:BNP) last released its quarterly earnings data on Thursday, February 14th. The company reported C($0.08) EPS for the quarter. The company had revenue of C$124.30 million for the quarter. On average, equities research analysts expect that Bonavista Energy will post -0.04 earnings per share for the current fiscal year.

About Bonavista Energy

Bonavista Energy Corporation acquires, develops, and holds interests in oil and natural gas properties and assets in Western Canada. The company was founded in 1987 and is headquartered in Calgary, Canada.

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Analyst Recommendations for Bonavista Energy (TSE:BNP)

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