Analyst Rating Update on This Canadian Energy Company

Bonavista Energy (BNPResearch Report) has received a rating update from a Wall Street analyst today. The company received a Hold rating from GMP FirstEnergy’s analyst Cody Kwong, with a C$0.70 price target.

According to TipRanks.com, Kwong has currently no stars on a ranking scale of 0-5 stars, with an average return of -24.2% and a 23.8% success rate. Kwong covers the Basic Materials sector, focusing on stocks such as Painted Pony Petroleum Ltd, Paramount Resources Ltd, and Crescent Point Energy.

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The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Bonavista Energy with a C$0.87 average price target, representing a 70.6% upside. In a report issued on June 13, BMO Capital also reiterated a Hold rating on the stock with a C$0.65 price target.

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The company has a one-year high of C$1.63 and a one-year low of C$0.46. Currently, Bonavista Energy has an average volume of 583.6K.

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 Friday at C$0.51, close to its 52-week low of C$0.46.