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Analyst Provides Guidance for This Canadian Energy Company


Shares of Bonterra Energy (BNE) were revisited by a Wall Street analyst on November 30. On November 30, analyst Cody Kwong gave a Hold rating to BNE and set a C$9.50 price target.

According to TipRanks.com, Kwong has currently no stars on a ranking scale of 0-5 stars, with an average return of -31.3% and a 13.6% success rate. Kwong covers the Basic Materials sector, focusing on stocks such as Tamarack Valley Energy Ltd, Paramount Resources Ltd, and Crescent Point Energy.

The word on The Street in general, suggests a Hold analyst consensus rating for Bonterra Energy with a C$12.42 average price target, representing an 80.8% upside. In a report issued on November 29, Canaccord Genuity also downgraded the stock to Hold with a C$8.50 price target.

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Based on Bonterra Energy’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$5.76 million. In comparison, last year the company had a GAAP net loss of C$3.04 million.

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 Friday at C$6.87, close to its 52-week low of C$6.86.