Bonterra Energy (TSE:BNE) Stock Price Down 7.7%

Bonterra Energy Corp. (TSE:BNE)’s share price was down 7.7% during mid-day trading on Friday . The stock traded as low as C$5.75 and last traded at C$5.87. Approximately 213,382 shares traded hands during mid-day trading, an increase of 322% from the average daily volume of 50,605 shares. The stock had previously closed at C$6.36.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Stifel Nicolaus raised their price objective on shares of Bonterra Energy from C$8.00 to C$8.25 and gave the company a “buy” rating in a research report on Tuesday, March 5th. Raymond James decreased their price objective on shares of Bonterra Energy from C$10.00 to C$8.50 and set a “market perform” rating on the stock in a research report on Friday, January 19th.

Bonterra Energy Stock Performance

The company has a current ratio of 0.65, a quick ratio of 0.21 and a debt-to-equity ratio of 26.67. The business’s 50 day moving average is C$5.96 and its 200 day moving average is C$5.81. The stock has a market capitalization of C$223.62 million, a PE ratio of 5.30 and a beta of 2.85.

Bonterra Energy (TSE:BNE) last released its quarterly earnings results on Thursday, March 7th. The company reported C$0.40 EPS for the quarter, topping analysts’ consensus estimates of C$0.31 by C$0.09. Bonterra Energy had a net margin of 16.44% and a return on equity of 8.92%. The firm had revenue of C$81.74 million during the quarter. On average, equities research analysts predict that Bonterra Energy Corp. will post 1.0653595 earnings per share for the current fiscal year.

Insider Buying and Selling at Bonterra Energy

In other news, Director John Campbell sold 15,000 shares of the business’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of C$6.82, for a total value of C$102,300.00. In other Bonterra Energy news, Director Donald Michael Godfrey Stewart purchased 5,226 shares of Bonterra Energy stock in a transaction dated Tuesday, March 12th. The stock was acquired at an average price of C$5.89 per share, for a total transaction of C$30,776.96. Also, Director John Campbell sold 15,000 shares of the business’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of C$6.82, for a total transaction of C$102,300.00. Insiders purchased a total of 11,926 shares of company stock valued at $71,542 in the last three months. Company insiders own 13.89% of the company’s stock.

About Bonterra Energy

Bonterra Energy Corp., a conventional oil and gas company, engages in the development and production of oil and natural gas in Canada. Its principal properties include Pembina Cardium, a conventional oil field, at the Pembina and Willesden green fields located in central Alberta; and holds 100% interest in the Montney properties that consist of approximately 28,880 acres located in the north of Grand Prairie, Alberta.