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


Wall Street analyst has provided a review for the Materials company on October 10, but retained the same rating on the stock. On October 10, analyst Aaron Bilkoski gave a Buy rating to BNP and set a C$1.70 price target.

According to TipRanks.com, Bilkoski ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -9.8% and a 34.8% success rate. Bilkoski covers the Basic Materials sector, focusing on stocks such as BlackPearl Resources Inc, Freehold Royalties Ltd, and Pengrowth Energy Corp.

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Bonavista Energy has an analyst consensus of Hold, with a price target consensus of C$1.64.

Bonavista Energy’s market cap is currently C$353.6M and has a P/E ratio of 0. The company has a Price to Book ratio of 0.24.

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 Thursday at C$1.37, close to its 52-week low of C$1.11.