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Bonterra Energy (BNE) Receives a Hold from CIBC


Bonterra Energy (BNE), the Materials sector company, was revisited by a Wall Street analyst yesterday. CIBC’s analyst Jamie Kubik reiterates their Hold rating on the shares, with a C$9 price target.

According to TipRanks.com, Kubik is ranked 0 out of 5 stars with an average return of -16.2% and a 25.2% success rate. Kubik covers the Basic Materials sector, focusing on stocks such as Paramount Resources Ltd, Freehold Royalties Ltd, and PrairieSky Royalty Ltd.

Bonterra Energy has an analyst consensus of Hold, with a price target consensus of C$8.96, which is a 31.8% upside from current levels. In a report issued on January 7, TD Securities also reiterated a Hold rating on the stock with a C$8.50 price target.

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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 323.3K.

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$6.80, close to its 52-week low of C$5.31.

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