Shares of Bonavista Energy (BNP) were revisited by a Wall Street analyst on February 15. The company received a Sell on February 15 from AltaCorp Captial’s analyst Thomas Matthews, with a C$1.20 price target.
According to TipRanks.com, Matthews is a 1-star analyst with an average return of -1.1% and a 38.7% 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 Bonavista Energy with a C$1.39 average price target.
Based on Bonavista Energy’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of C$81.23 million. In comparison, last year the company had a GAAP net loss of C$159 million.
Bonavista Energy Corp. engages in the exploration, development, and production of oil and gas properties. It produces natural gas; light, medium, and heavy oil; and natural gas liquids in the core areas of West Central and Deep Basin. The company was founded in 1997 and is headquartered in Calgary, Canada.
The company’s shares closed on Friday at C$1.27.
