Bonterra Energy (TSE:BNE) Raised to "Strong-Buy" at Atb Cap Markets

Bonterra Energy (TSE:BNE - Get Free Report) was upgraded by investment analysts at Atb Cap Markets to a "strong-buy" rating in a research report issued 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 Performance

Shares of TSE BNE traded down C$0.03 during trading hours on Tuesday, hitting C$3.42. 32,505 shares of the company's stock were exchanged, compared to its average volume of 53,169. Bonterra Energy has a 1-year low of C$3.28 and a 1-year high of C$6.87. The company has a debt-to-equity ratio of 29.67, a current ratio of 0.51 and a quick ratio of 0.21. The stock has a market capitalization of C$127.63 million, a price-to-earnings ratio of 3.52 and a beta of 2.66. The company's 50-day moving average price is C$3.77 and its 200-day moving average price is C$4.64.

Bonterra Energy (TSE:BNE - Get Free Report) last released its earnings results on Tuesday, August 13th. The company reported C$0.20 earnings per share for the quarter. The business had revenue of C$62.14 million during the quarter. Bonterra Energy had a net margin of 13.83% and a return on equity of 7.07%. On average, sell-side analysts expect that Bonterra Energy will post 0.336726 earnings per share for the current fiscal year.

About Bonterra Energy

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.