RBC Capital’s Take on This Canadian Energy Stock

In a latest note to investors, a research analyst has provided a rating update for the Materials sector company, Bonavista Energy (BNPResearch Report). RBC Capital’s analyst Michael Harvey reiterates their Hold rating on the shares, with a C$0.75 price target.

According to TipRanks.com, Harvey is ranked #4538 out of 5242 analysts.

The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Bonavista Energy with a C$12.28 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 657.7K.

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$0.44, close to its 52-week low of C$0.41.