Bonavista Energy (BNP – Research Report), the Materials sector company, has received a rating update from a Wall Street analyst today. Raymond James’ analyst Jeremy Mccrea reiterates their Sell rating on the shares, with a C$1 price target.
According to TipRanks.com, Mccrea is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -15.4% and a 29.3% success rate. Mccrea covers the Basic Materials sector, focusing on stocks such as Tamarack Valley Energy Ltd, Freehold Royalties Ltd, and PrairieSky Royalty Ltd.
Currently, the analyst consensus on Bonavista Energy is a Hold with an average price target of C$1.39, representing an 11.2% upside. In a report issued on February 15, AltaCorp Captial also reiterated a Sell rating on the stock with a C$1.20 price target.
Bonavista Energy’s market cap is currently C$330.2M and has a P/E ratio of 0. The company has a Price to Book ratio of 0.22.
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$1.25.