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Bonterra Energy (BNE) was Downgraded to a Hold Rating at Canaccord Genuity


Bonterra Energy (BNE) has received a rating update from a Wall Street analyst on November 29. Analyst Anthony Petrucci from Canaccord Genuity rated Bonterra Energy (BNE) a Hold on November 29, setting a C$8.50 price target.

According to TipRanks.com, Petrucci has currently no stars on a ranking scale of 0-5 stars, with an average return of -19.1% and a 20.8% success rate. Petrucci covers the Basic Materials sector, focusing on stocks such as Essential Energy Services Ltd, Trican Well Service Ltd, and Abraxas Petroleum Corp.

Bonterra Energy has an analyst consensus of Hold, with a price target consensus of C$13.75, which is a 100.1% upside from current levels. In a report issued on November 21, CIBC also reiterated a Hold rating on the stock with a C$13 price target.

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The company has a one-year high of C$20.29 and a one-year low of C$6.86. Currently, Bonterra Energy has an average volume of 205.8K.

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.