TD Securities Thinks Bonavista Energy’s Stock is Going to Recover


In a new note to investors yesterday, an analyst has provided a rating update for Bonavista Energy (BNP). TD Securities’ analyst Aaron Bilkoski reiterates their Buy rating on the shares, with a C$1.95 price target.

According to TipRanks.com, Bilkoski has currently no stars on a ranking scale of 0-5 stars, with an average return of -17.5% and a 28.4% success rate. Bilkoski covers the Basic Materials sector, focusing on stocks such as Freehold Royalties Ltd, Range Resources Corp, and Pine Cliff Energy.

Bonavista Energy has an analyst consensus of Hold, with a price target consensus of C$1.41.

The company has a one-year high of C$2.05 and a one-year low of C$1.01. Currently, Bonavista Energy has an average volume of 825.2K.

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 Monday at C$1.18, close to its 52-week low of C$1.01.

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