AltaCorp Captial’s Analyst Provides Guidance for This Canadian Energy Company

On May 2, an analyst has provided a rating update for the Materials sector company, Bonavista Energy (BNPResearch Report). AltaCorp Captial’s analyst Thomas Matthews reiterates their Sell rating on the shares, with a C$1.25 price target.

According to TipRanks.com, Matthews is a 4-star analyst with an average return of 4.4% and a 43.1% success rate. Matthews covers the Basic Materials sector, focusing on stocks such as Crescent Point Energy, Bellatrix Exploration, and Bonterra Energy Corp.

Currently, the analyst consensus on Bonavista Energy is a Moderate Sell with an average price target of C$1.15, representing a 43.8% upside. In a report issued on May 3, CIBC also downgraded the stock to Sell with a C$1 price target.

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The company has a one-year high of C$1.75 and a one-year low of C$0.84. Currently, Bonavista Energy has an average volume of 475.5K.

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 Tuesday at C$0.80.