Brokerages Set Bonavista Energy Corp (BNP) Target Price at $5.45

Shares of Bonavista Energy Corp (TSE:BNP) have been assigned a consensus recommendation of “Buy” from the twelve brokerages that are presently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is C$5.45.

Several research firms have recently weighed in on BNP. National Bank Financial reiterated an “outperform” rating and issued a C$4.25 price objective on shares of Bonavista Energy Corp in a research note on Friday, May 5th. TD Securities reiterated a “buy” rating and issued a C$7.50 price objective on shares of Bonavista Energy Corp in a research note on Friday, March 3rd. Royal Bank of Canada upgraded shares of Bonavista Energy Corp from a “sector perform” rating to an “outperform” rating and lowered their price objective for the company from C$6.00 to C$5.00 in a research note on Friday, May 5th. GMP Securities upgraded shares of Bonavista Energy Corp from a “hold” rating to a “buy” rating in a research note on Monday, March 6th. Finally, Scotiabank reiterated an “outperform” rating and issued a C$6.00 price objective on shares of Bonavista Energy Corp in a research note on Friday, March 3rd.

In other Bonavista Energy Corp news, insider Wayne Edward Merkel sold 13,761 shares of Bonavista Energy Corp stock in a transaction on Monday, April 10th. The shares were sold at an average price of C$3.46, for a total transaction of C$47,613.06. Also, Director Robert Phillips acquired 21,000 shares of the business’s stock in a transaction on Thursday, March 23rd. The shares were purchased at an average cost of C$3.17 per share, for a total transaction of C$66,570.00. In the last three months, insiders purchased 25,154 shares of company stock valued at $79,372.

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Bonavista Energy Corp (TSE:BNP) traded down 1.62% on Tuesday, hitting $2.43. 1,131,960 shares of the stock traded hands. The stock has a 50-day moving average price of $2.89 and a 200 day moving average price of $3.81. Bonavista Energy Corp has a 1-year low of $2.41 and a 1-year high of $5.58. The company’s market cap is $619.50 million.

About Bonavista Energy Corp

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “TSX:BNP”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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