AltaCorp Capital upgraded shares of Bonterra Energy Corp (TSE:BNE) from a sector perform rating to an outperform rating in a report released on Wednesday morning.

BNE has been the subject of several other reports. BMO Capital Markets raised their price target on Bonterra Energy Corp from C$28.00 to C$32.00 in a report on Wednesday, December 21st. Desjardins raised their price target on Bonterra Energy Corp from C$29.00 to C$31.00 in a report on Wednesday, December 21st. Paradigm Capital raised their price target on Bonterra Energy Corp from C$30.00 to C$35.00 in a report on Wednesday, December 21st. TD Securities restated a buy rating and set a C$33.00 price target on shares of Bonterra Energy Corp in a report on Wednesday, March 15th. Finally, Acumen Capital raised their price target on Bonterra Energy Corp from C$29.00 to C$30.00 and gave the company a buy rating in a report on Wednesday, December 21st. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of C$30.03.

Shares of Bonterra Energy Corp (TSE:BNE) opened at 22.04 on Wednesday. The firm’s 50-day moving average is $23.86 and its 200 day moving average is $25.48. Bonterra Energy Corp has a 12-month low of $19.42 and a 12-month high of $29.76. The stock’s market capitalization is $723.26 million.

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The business also recently declared a monthly dividend, which will be paid on Friday, March 31st. Stockholders of record on Friday, March 31st will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, March 13th. This represents a $1.20 annualized dividend and a dividend yield of 5.44%.

Bonterra Energy Corp Company Profile

Bonterra Energy Corp. (Bonterra) is an oil and gas company that is primarily focused on the development of its Cardium land within the Pembina and Willesden Green areas located in central Alberta. The Company operates in the development and production of oil and natural gas in the Western Canadian Sedimentary Basin segment.

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