In a latest note to investors, a research analyst has provided a rating update for the Materials sector company, Bonterra Energy (TSX: BNE). The company received a Buy on October 9 from AltaCorp Captial’s analyst Thomas Matthews, with a C$23 price target.
Matthews has an average return of 8.3% when recommending Bonterra Energy.
According to TipRanks.com, Matthews is ranked #678 out of 4897 analysts.
Currently, the analyst consensus on Bonterra Energy is a Moderate Buy with an average price target of C$20.92.
Bonterra Energy’s market cap is currently C$605.9M and has a P/E ratio of 52. The company has a Price to Book ratio of 1.16.
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 Thursday at C$17.60.