Bonterra Energy Corp (TSE:BNE) Has Just Had Its Price Objective Downgraded by Equity Research Analysts at Scotia Capital to $22.50

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Analysis: Bonterra Energy Corp (TSE:BNE) Stock Target Raised Today

In a note distributed by Scotia Capital on Friday, 18 December, the firm, Bonterra Energy Corp (TSE:BNE), had their PT lowered to $22.50. Analusts presently have a solid Sector Perform rating on the stock.

From a total of 13 analysts covering Bonterra Energy Corp (TSE:BNE) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is $26.51 while the lowest target price is $15.05. The mean of all analyst targets is $19.7 with a 95.70% above today’s ($16.28) stock price. Bonterra Energy Corp was the topic of 10 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc.

The stock decreased 2.16% or $0.36 on December 18, striking $16.28. Approximately 497,873 shares of stock traded hands or 690.59% up from the average. Bonterra Energy Corp (TSE:BNE) has declined 53.93% since May 18, 2015 and is downtrending. It has underperformed by 50.12% the S&P500.

Bonterra Energy Corp (TSE:BNE) Has Just Had Its Price Objective Downgraded by Equity Research Analysts at Scotia Capital to $22.50

Bonterra Energy Corp. is an gas and oil company, engaged in the exploration, acquisition, development and production of oil and natural gas reserves in the provinces of Alberta, British Columbia and Saskatchewan. The company has a market cap of $560.33 million. The Company’s development efforts are focused in the Cardium zone of the Pembina and Willesden Green fields located in west central Alberta. It currently has negative earnings. Bonterra operates 85% of its production with an average land working interest of 77%.

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