In a latest note to investors, a research analyst has provided a rating update for the Bonterra Energy (BNE). The company received a Sell yesterday from BMO Capital’s analyst Randy Ollenberger, with a C$6.50 price target.
According to TipRanks.com, Ollenberger is a 1-star analyst with an average return of -1.1% and a 45.8% success rate. Ollenberger covers the Basic Materials sector, focusing on stocks such as Athabasca Oil Corporation, Birchcliff Energy Ltd, and Imperial Oil Limited.
Bonterra Energy has an analyst consensus of Hold, with a price target consensus of C$7.75.
Based on Bonterra Energy’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of C$10.91 million. In comparison, last year the company had a net profit of C$2.1 million.
Bonterra Energy Corp. engages in the development and production of oil and natural gas. Its operations focus on the Pembina Cardium, Shaunavon, and Prespatou properties. 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$6.83, close to its 52-week low of C$5.31.
