Bonavista Energy (BNP) Receives a Sell from Raymond James

Bonavista Energy (BNPResearch Report), the Materials sector company was revisited today, and remains overvalued for at least one analyst on the street. Analyst Jeremy Mccrea from Raymond James remains bearish on the stock and has a C$0.60 price target.

According to TipRanks.com, Mccrea has currently no stars on a ranking scale of 0-5 stars, with an average return of -9.7% and a 24.4% success rate. Mccrea covers the Basic Materials sector, focusing on stocks such as Painted Pony Petroleum Ltd, Tamarack Valley Energy Ltd, and Freehold Royalties Ltd.

The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Bonavista Energy with a C$14.70 average price target.

The company has a one-year high of C$1.63 and a one-year low of C$0.41. Currently, Bonavista Energy has an average volume of 656.9K.

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$0.46, close to its 52-week low of C$0.41.