Bonterra Energy (BNE), the Materials sector company was revisited yesterday, yet the Wall Street analyst remains currently on the sidelines. AltaCorp Captial’s analyst Thomas Matthews reiterates their Hold rating on the shares, with a C$9.75 price target.
According to TipRanks.com, Matthews is a 1-star analyst with an average return of -1.8% and a 35.4% success rate. Matthews covers the Basic Materials sector, focusing on stocks such as Crescent Point Energy, Bellatrix Exploration, and Obsidian Energy Ltd.
The word on The Street in general, suggests a Hold analyst consensus rating for Bonterra Energy with a C$7.85 average price target, which is a 32.8% upside from current levels. In a report issued on February 1, CIBC also reiterated a Hold rating on the stock with a C$7 price target.
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The company has a one-year high of C$20.29 and a one-year low of C$5.31. Currently, Bonterra Energy has an average volume of 343.3K.
Bonterra Energy Corp. engages in the development and production of oil and natural gas. It focuses in the development of Cardium zone of the Pembina and Willesden Green fields located in West Central Alberta. The company was founded by George Frederick Fink in 1998 and is headquartered in Calgary, Canada.
The company’s shares closed on Wednesday at C$5.91, close to its 52-week low of C$5.31.
