Bonterra Energy (TSE:BNE) Rating Increased to Strong-Buy at Atb Cap Markets

Atb Cap Markets upgraded shares of Bonterra Energy (TSE:BNE) to a strong-buy rating in a research report sent to investors on Tuesday, Zacks.com reports. Atb Cap Markets also issued estimates for Bonterra Energy’s FY2024 earnings at $0.64 EPS, FY2025 earnings at $0.33 EPS, FY2026 earnings at ($0.07) EPS and FY2027 earnings at ($0.75) EPS.

Bonterra Energy Stock Up 0.6 %

Shares of BNE opened at C$3.45 on Tuesday. The business’s 50 day simple moving average is C$3.77 and its 200-day simple moving average is C$4.64. Bonterra Energy has a one year low of C$3.28 and a one year high of C$6.87. The company has a market capitalization of C$128.75 million, a P/E ratio of 3.52 and a beta of 2.66. The company has a debt-to-equity ratio of 29.67, a current ratio of 0.51 and a quick ratio of 0.21.

Bonterra Energy (TSE:BNE) last issued its quarterly earnings data on Tuesday, August 13th. The company reported C$0.20 EPS for the quarter. Bonterra Energy had a net margin of 13.83% and a return on equity of 7.07%. The firm had revenue of C$62.14 million for the quarter. As a group, sell-side analysts predict that Bonterra Energy will post 0.336726 EPS for the current fiscal year.

Bonterra Energy Company Profile

Bonterra Energy Corp., a conventional oil and gas company, engages in the development and production of oil and natural gas in Canada. Its principal properties include Pembina Cardium, a conventional oil field, at the Pembina and Willesden green fields located in central Alberta; and holds 100% interest in the Montney properties that consist of approximately 28,880 acres located in the north of Grand Prairie, Alberta.