Brokers Offer Predictions for Bonterra Energy Corp.’s FY2022 Earnings (TSE:BNE)

Bonterra Energy Corp. (TSE:BNEGet Rating) – Analysts at Stifel Firstegy raised their FY2022 earnings estimates for Bonterra Energy in a report released on Thursday, May 19th. Stifel Firstegy analyst C. Kwong now anticipates that the company will earn $2.70 per share for the year, up from their prior forecast of $2.63. Stifel Firstegy also issued estimates for Bonterra Energy’s FY2023 earnings at $1.84 EPS.

A number of other analysts also recently issued reports on the stock. Haywood Securities lifted their price target on shares of Bonterra Energy from C$11.00 to C$13.00 in a report on Thursday, March 10th. Stifel Nicolaus lifted their price objective on shares of Bonterra Energy from C$12.50 to C$13.75 in a research note on Thursday, May 12th. Raymond James set a C$11.50 price objective on shares of Bonterra Energy and gave the stock a “market perform” rating in a research note on Thursday, May 12th. Finally, BMO Capital Markets lifted their price objective on shares of Bonterra Energy from C$6.00 to C$9.00 in a research note on Thursday, March 10th.

Shares of TSE BNE opened at C$10.97 on Monday. The company has a debt-to-equity ratio of 66.34, a quick ratio of 0.12 and a current ratio of 0.15. The company has a market cap of C$391.06 million and a P/E ratio of 2.13. The firm’s fifty day moving average is C$11.32 and its two-hundred day moving average is C$8.59. Bonterra Energy has a 52-week low of C$3.91 and a 52-week high of C$13.23.

Bonterra Energy (TSE:BNEGet Rating) last announced its quarterly earnings results on Wednesday, March 9th. The company reported C$0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.37 by C$0.09. The company had revenue of C$79.20 million during the quarter.

Bonterra Energy Company Profile (Get Rating)

Bonterra Energy Corp. engages in the production and sale of crude oil, natural gas, and natural gas liquids. It primarily focuses on the development of its Cardium land within the Pembina and Willesden Green areas located in west central Alberta. The company also holds interests in the Shaunavon area located in southwest Saskatchewan, and the Prespatou area located in northeast British Columbia.

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