Bonavista Energy (TSE:BNP) PT Lowered to C$0.60

Bonavista Energy (TSE:BNP) had its price target decreased by stock analysts at Raymond James from C$0.75 to C$0.60 in a report released on Thursday, BayStreet.CA reports. Raymond James’ price target would suggest a potential upside of 36.36% from the stock’s previous close.

BNP has been the subject of several other reports. GMP Securities reissued a “buy” rating and set a $22.25 price target on shares of SPDR Wells Fargo Preferred Stock ETF in a report on Friday, June 28th. National Bank Financial dropped their price target on Yangarra Resources from C$5.50 to C$5.00 and set an “outperform” rating for the company in a report on Tuesday, June 25th. CIBC dropped their price objective on Toromont Industries from C$70.00 to C$68.00 in a report on Monday, May 6th. TD Securities dropped their price objective on TRANSAT AT from C$15.00 to C$11.00 and set a “hold” rating for the company in a report on Friday, May 3rd. Finally, BMO Capital Markets set a $66.00 price objective on CyrusOne and gave the company a “buy” rating in a report on Friday, May 3rd. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of C$1.13.

TSE:BNP opened at C$0.44 on Thursday. The firm has a market cap of $117.67 million and a PE ratio of -4.15. The business’s 50 day moving average price is C$0.52. The company has a debt-to-equity ratio of 52.15, a quick ratio of 0.44 and a current ratio of 0.80. Bonavista Energy has a 1-year low of C$0.41 and a 1-year high of C$1.63.

Bonavista Energy (TSE:BNP) last released its quarterly earnings results on Thursday, May 2nd. The company reported C($0.15) earnings per share for the quarter. The company had revenue of C$120.64 million during the quarter. As a group, equities research analysts predict that Bonavista Energy will post -0.09 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.

Featured Article: Intrinsic Value

Analyst Recommendations for Bonavista Energy (TSE:BNP)

Receive News & Ratings for Bonavista Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bonavista Energy and related companies with MarketBeat.com's FREE daily email newsletter.