Bonavista Energy Corp (BNP) Receives Average Rating of “Buy” from Analysts

Shares of Bonavista Energy Corp (TSE:BNP) have been assigned a consensus rating of “Buy” from the twelve research firms that are presently covering the stock. Three research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is C$5.45.

A number of equities research analysts recently weighed in on BNP shares. CIBC boosted their price objective on Bonavista Energy Corp from C$5.00 to C$5.50 in a research report on Wednesday, January 25th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a C$6.00 target price on shares of Bonavista Energy Corp in a report on Thursday, February 2nd. Raymond James Financial, Inc. reaffirmed a “market perform” rating and set a C$4.75 target price on shares of Bonavista Energy Corp in a report on Thursday, February 2nd. TD Securities lifted their target price on Bonavista Energy Corp from C$6.50 to C$7.50 and gave the stock a “buy” rating in a report on Thursday, February 2nd. Finally, Scotiabank reaffirmed an “outperform” rating and set a C$6.00 target price on shares of Bonavista Energy Corp in a report on Thursday, February 2nd.

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In other news, insider Wayne Edward Merkel sold 13,761 shares of the business’s stock in a transaction dated Monday, April 10th. The stock was sold at an average price of C$3.46, for a total value of C$47,613.06. Also, Director Robert Phillips acquired 21,000 shares of the company’s stock in a transaction dated Thursday, March 23rd. The stock was acquired at an average cost of C$3.17 per share, for a total transaction of C$66,570.00.

Bonavista Energy Corp (TSE:BNP) traded up 3.61% during trading on Friday, reaching $3.16. The company’s stock had a trading volume of 508,712 shares. Bonavista Energy Corp has a 52-week low of $2.55 and a 52-week high of $5.58. The firm has a 50 day moving average price of $3.12 and a 200-day moving average price of $4.02. The stock’s market cap is $809.04 million.

Bonavista Energy Corp Company Profile

Bonavista Energy Corporation is a resource company engaged in the acquisition, exploration, development and production of oil and natural gas assets. The Company’s West Central Core Area is characterized by natural gas and light oil resources. West Central Core Area is located within the Western Canadian Sedimentary Basin (WCSB) between Calgary and Drayton Valley, Alberta.

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