Bonterra Energy (TSE:BNE) was downgraded by research analysts at Raymond James from a “strong-buy” rating to an “outperform” rating in a research report issued to clients and investors on Thursday, BayStreet.CA reports. They currently have a C$8.00 target price on the stock, down from their previous target price of C$10.00. Raymond James’ price target points to a potential upside of 48.70% from the stock’s current price.

Several other research analysts have also recently issued reports on the stock. Canaccord Genuity reissued a “buy” rating and set a $7.50 target price on shares of in a report on Tuesday. AltaCorp Capital cut shares of TORC Oil and Gas from an “outperform” rating to a “sector perform” rating in a report on Tuesday, April 9th. TD Securities raised their target price on shares of WestJet Airlines from C$19.00 to C$20.00 and gave the stock a “hold” rating in a report on Wednesday, May 8th. CIBC reduced their target price on shares of WestJet Airlines from C$22.00 to C$21.00 in a report on Tuesday, April 23rd. Finally, National Bank Financial reduced their target price on shares of 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. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of C$9.03.

Shares of Bonterra Energy stock opened at C$5.38 on Thursday. The company has a current ratio of 0.44, a quick ratio of 0.38 and a debt-to-equity ratio of 65.18. The business’s fifty day simple moving average is C$5.48. Bonterra Energy has a 1 year low of C$4.90 and a 1 year high of C$20.29. The stock has a market capitalization of $186.65 million and a PE ratio of 34.27.

Bonterra Energy (TSE:BNE) last issued its earnings results on Monday, May 6th. The company reported C$0.04 earnings per share (EPS) for the quarter. The business had revenue of C$49.83 million for the quarter, compared to analysts’ expectations of C$52.50 million. On average, analysts predict that Bonterra Energy will post 0.35 earnings per share for the current fiscal year.

In other news, Director George Frederick Fink purchased 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The shares were bought at an average price of C$6.68 per share, for a total transaction of C$100,143.00. Following the completion of the transaction, the director now owns 3,688,799 shares in the company, valued at C$24,627,159.88. In the last 90 days, insiders have purchased 80,000 shares of company stock worth $464,889.

Bonterra Energy Company Profile

Bonterra Energy Corp., an upstream oil and gas company, engages in the production and sale of crude oil, natural gas, and natural gas liquids. It primarily focuses on the development of its Cardium zone within the Pembina and Willesden Green areas located in west central Alberta. The company also holds interests in the Shaunavon area located in southwest Saskatchewan, and the Prespatou area located in northeast British Columbia.

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Analyst Recommendations for Bonterra Energy (TSE:BNE)

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