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Bonterra Energy (TSE:BNE) Stock Price Passes Above 200 Day Moving Average - What's Next?

Bonterra Energy logo with Energy background
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Key Points

  • Bonterra Energy shares crossed above its 200-day moving average, trading as high as C$7.25 and last at C$7.23, well above the 200-day MA of C$4.94 (50-day MA C$6.22), a bullish technical signal.
  • Despite the technical breakout, fundamentals are weak: the company reported C($0.12) EPS for the quarter, has a negative net margin (-7.08%) and negative ROE (-3.24%), and carries a market cap of C$264.44M with a negative P/E (-15.38).
  • Bonterra is a liquids-weighted conventional oil and gas producer focused on Alberta’s Pembina Cardium with a stated return-of-capital strategy and potential upside from emerging Charlie Lake and Montney plays.
  • Interested in Bonterra Energy? Here are five stocks we like better.

Bonterra Energy Corp. (TSE:BNE - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$4.94 and traded as high as C$7.25. Bonterra Energy shares last traded at C$7.23, with a volume of 32,151 shares trading hands.

Bonterra Energy Price Performance

The firm has a 50 day moving average of C$6.22 and a 200-day moving average of C$4.94. The company has a market cap of C$264.44 million, a P/E ratio of -15.38 and a beta of 0.01. The company has a current ratio of 0.94, a quick ratio of 0.21 and a debt-to-equity ratio of 33.80.

Bonterra Energy (TSE:BNE - Get Free Report) last issued its earnings results on Friday, March 13th. The company reported C($0.12) earnings per share (EPS) for the quarter. The business had revenue of C$54.24 million for the quarter. Bonterra Energy had a negative net margin of 7.08% and a negative return on equity of 3.24%. On average, equities research analysts predict that Bonterra Energy Corp. will post 0.336726 EPS for the current year.

Bonterra Energy Company Profile

(Get Free Report)

Bonterra Energy Corp. is a conventional oil and gas corporation forging a grounded path forward for Canadian energy. Operations include a large, concentrated land position in Alberta's Pembina Cardium, one of Canada's largest oil plays. Bonterra's liquids-weighted Cardium production provides a foundation for implementing a return of capital strategy over time, which is focused on generating long-term, sustainable growth and value creation for shareholders. Emerging Charlie Lake and Montney resource plays are expected to provide enhanced optionality and an expanded potential development runway for the future.

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