Bonavista Energy (TSE:BNP) Rating Reiterated by Raymond James

Bonavista Energy (TSE:BNP)‘s stock had its “underperform” rating reaffirmed by stock analysts at Raymond James in a report released on Friday, BayStreet.CA reports. They currently have a C$0.60 target price on the stock. Raymond James’ price objective would suggest a potential upside of 17.65% from the stock’s current price.

Several other research analysts also recently issued reports on BNP. Royal Bank of Canada cut their price objective on Bonavista Energy from C$1.50 to C$0.75 in a research report on Thursday, July 18th. GMP Securities cut their price objective on Bonavista Energy from C$1.10 to C$0.70 in a research report on Friday, June 28th. BMO Capital Markets cut their price objective on Bonavista Energy from C$0.65 to C$0.60 in a research report on Friday. TD Securities cut their price objective on Bonavista Energy from C$2.50 to C$2.25 and set a “buy” rating for the company in a research report on Friday, May 3rd. Finally, CIBC cut their price objective on Bonavista Energy from C$1.00 to C$0.40 in a research report on Thursday, July 18th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. Bonavista Energy presently has an average rating of “Hold” and a consensus target price of C$0.89.

BNP stock opened at C$0.51 on Friday. The firm’s 50 day moving average is C$0.47. Bonavista Energy has a 12-month low of C$0.41 and a 12-month high of C$1.60. The company has a debt-to-equity ratio of 52.15, a quick ratio of 0.44 and a current ratio of 0.80. The firm has a market cap of $130.46 million and a P/E ratio of -4.81.

Bonavista Energy (TSE:BNP) last issued its quarterly earnings data on Thursday, May 2nd. The company reported C($0.15) earnings per share (EPS) for the quarter. The company had revenue of C$120.64 million during the quarter. As a group, equities research analysts expect that Bonavista Energy will post -0.08 earnings per share for the current year.

Bonavista Energy Company Profile

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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