Raymond James Keeps a Sell Rating on Bonavista Energy (BNP)

A Wall Street analyst has provided a review for the Materials company today, but retained the same rating on the stock. Analyst Jeremy Mccrea from Raymond James remains bearish on Bonavista Energy (BNPResearch Report) and has a C$0.50 price target.

According to TipRanks.com, Mccrea has 0 stars on 0-5 star ranking scale with an average return of -13.5% and a 24.7% success rate. Mccrea covers the Basic Materials sector, focusing on stocks such as Tamarack Valley Energy, Bellatrix Exploration, and Whitecap Resources.

Currently, the analyst consensus on Bonavista Energy is a Moderate Sell with an average price target of C$0.50.

The company has a one-year high of C$1.51 and a one-year low of C$0.41. Currently, Bonavista Energy has an average volume of 357.6K.

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 last Wednesday at C$0.53, close to its 52-week low of C$0.41.