Shares of Bonavista Energy Corp (TSE:BNP) have been given a consensus recommendation of “Sell” by the nine research firms that are covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation and one has assigned a hold recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$0.70.
BNP has been the topic of a number of research analyst reports. Raymond James restated an “underperform” rating and issued a C$0.60 target price on shares of Bonavista Energy in a research report on Friday, August 2nd. Desjardins reduced their target price on Bonavista Energy from C$1.50 to C$1.25 in a research report on Tuesday, May 7th. GMP Securities reduced their target price on Bonavista Energy from C$1.10 to C$0.70 in a research report on Friday, June 28th. Royal Bank of Canada reduced their target price on Bonavista Energy from C$1.50 to C$0.75 in a research report on Thursday, July 18th. Finally, National Bank Financial lifted their target price on Bonavista Energy from C$0.50 to C$0.60 and gave the company a “sector perform” rating in a research report on Friday, August 2nd.
TSE:BNP remained flat at $C$0.51 on Wednesday. The company’s stock had a trading volume of 260,372 shares, compared to its average volume of 560,469. Bonavista Energy has a 12 month low of C$0.41 and a 12 month high of C$1.60. The company has a current ratio of 0.82, a quick ratio of 0.31 and a debt-to-equity ratio of 50.71. The firm has a market capitalization of $131.26 million and a price-to-earnings ratio of 5.93. The company has a 50-day moving average of C$0.47 and a 200 day moving average of C$0.83.
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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