Bonterra Energy (TSE:BNE) Trading Down 7.7%

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

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Stifel Nicolaus lifted 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 lowered 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 firm has a market capitalization of C$223.62 million, a price-to-earnings ratio of 5.30 and a beta of 2.85. The stock’s 50 day moving average price is C$5.96 and its two-hundred day moving average price is C$5.81.

Bonterra Energy (TSE:BNE) last posted its quarterly earnings results on Thursday, March 7th. The company reported C$0.40 earnings per share 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 business had revenue of C$81.74 million for the quarter. On average, analysts forecast that Bonterra Energy Corp. will post 1.0653595 EPS for the current year.

Insider Transactions at Bonterra Energy

In related news, Director John Campbell sold 15,000 shares of the 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 news, Director Donald Michael Godfrey Stewart purchased 5,226 shares of the firm’s stock in a transaction on Tuesday, March 12th. The shares were bought at an average cost of C$5.89 per share, with a total value of C$30,776.96. Also, Director John Campbell sold 15,000 shares of the firm’s stock in a transaction dated Friday, April 5th. The stock was sold at an average price of C$6.82, for a total transaction of C$102,300.00. Insiders have purchased a total of 11,926 shares of company stock valued at $71,542 in the last ninety days. 13.89% of the stock is currently owned by company insiders.

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.