Bonavista Energy Corp (TSE:BNP) Director Ronald J.M. Poelzer purchased 175,000 shares of Bonavista Energy stock in a transaction that occurred on Wednesday, March 7th. The shares were bought at an average cost of C$1.16 per share, for a total transaction of C$203,000.00.
Shares of Bonavista Energy Corp (TSE:BNP) traded down C$0.05 during mid-day trading on Wednesday, hitting C$1.16. The company’s stock had a trading volume of 631,711 shares, compared to its average volume of 938,865. Bonavista Energy Corp has a 52-week low of C$1.11 and a 52-week high of C$3.61. The firm has a market cap of $320.71, a P/E ratio of -9.67 and a beta of 1.11.
A number of equities research analysts recently issued reports on the company. Raymond James Financial reduced their price target on Bonavista Energy from C$1.50 to C$1.25 and set an “underperform” rating on the stock in a research report on Monday, March 5th. Desjardins reduced their target price on Bonavista Energy from C$2.75 to C$2.50 and set a “hold” rating on the stock in a report on Monday, March 5th. BMO Capital Markets reduced their target price on Bonavista Energy from C$2.25 to C$1.50 in a report on Friday, March 2nd. Royal Bank of Canada downgraded Bonavista Energy from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from C$3.00 to C$2.00 in a report on Friday, March 2nd. Finally, National Bank Financial reduced their target price on Bonavista Energy from C$2.25 to C$1.75 and set a “sector perform” rating on the stock in a report on Friday, March 2nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. Bonavista Energy has a consensus rating of “Hold” and a consensus price target of C$2.40.
Bonavista Energy 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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