Bonterra Energy (BNE), the Materials sector company, has received a rating update from a Wall Street analyst today. The company received a Sell rating from BMO Capital’s analyst Ray Kwan, with a C$6 price target.
According to TipRanks.com, Kwan is ranked 0 out of 5 stars with an average return of -13.3% and a 28.6% success rate. Kwan covers the Basic Materials sector, focusing on stocks such as Tamarack Valley Energy Ltd, Paramount Resources Ltd, and Freehold Royalties Ltd.
Bonterra Energy has an analyst consensus of Hold, with a price target consensus of C$8.05.
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 343.2K.
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$6.09, close to its 52-week low of C$5.31.
