Shares of Bonterra Energy (BNE) were revisited by a Wall Street analyst today. Anthony Petrucci, an analyst with Canaccord Genuity, has upgraded their rating on BNE to Buy , with a C$9 price target.
According to TipRanks.com, Petrucci is ranked 0 out of 5 stars with an average return of -18.9% and a 24.3% success rate. Petrucci covers the Basic Materials sector, focusing on stocks such as Essential Energy Services Ltd, Frontera Energy Corporation, and Tamarack Valley Energy Ltd.
Bonterra Energy has an analyst consensus of Hold, with a price target consensus of C$8.
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$3.4 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 Tuesday at C$7.34, close to its 52-week low of C$5.31.
