Bonterra Energy (TSE:BNE) Share Price Crosses Above 200-Day Moving Average of $5.83

Bonterra Energy Corp. (TSE:BNE - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$5.83 and traded as high as C$6.62. Bonterra Energy shares last traded at C$6.46, with a volume of 26,455 shares.

Analyst Upgrades and Downgrades

BNE has been the subject of a number of analyst reports. Raymond James reduced their price objective on shares of Bonterra Energy from C$10.00 to C$8.50 and set a "market perform" rating for the company in a research note on Friday, January 19th. Stifel Nicolaus boosted their price objective on shares of Bonterra Energy from C$8.00 to C$8.25 and gave the stock a "buy" rating in a research note on Tuesday, March 5th.

Bonterra Energy Price Performance

The stock's 50-day moving average is C$5.73 and its 200-day moving average is C$5.82. The firm has a market cap of C$238.90 million, a P/E ratio of 5.34 and a beta of 2.85. The company has a quick ratio of 0.21, a current ratio of 0.65 and a debt-to-equity ratio of 26.67.

Bonterra Energy (TSE:BNE - Get Free Report) last announced its earnings results on Thursday, March 7th. The company reported C$0.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of C$0.31 by C$0.09. Bonterra Energy had a net margin of 16.44% and a return on equity of 8.92%. The business had revenue of C$81.74 million for the quarter. As a group, equities analysts anticipate that Bonterra Energy Corp. will post 1.0653595 EPS for the current fiscal year.

Insider Buying and Selling

In other Bonterra Energy news, Director Donald Michael Godfrey Stewart purchased 5,226 shares of the stock in a transaction on Tuesday, March 12th. The shares were purchased at an average price of C$5.89 per share, with a total value of C$30,776.96. In other Bonterra Energy news, Director John Campbell sold 15,000 shares of the business's stock in a transaction on Friday, April 5th. The shares were sold at an average price of C$6.82, for a total value of C$102,300.00. Also, Director Donald Michael Godfrey Stewart bought 5,226 shares of the stock in a transaction dated Tuesday, March 12th. The stock was purchased at an average cost of C$5.89 per share, for a total transaction of C$30,776.96. Over the last quarter, insiders have purchased 11,926 shares of company stock valued at $71,542. 13.89% of the stock is owned by company insiders.

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.