Atb Cap Markets Upgrades Bonterra Energy (TSE:BNE) to Strong-Buy

Atb Cap Markets upgraded shares of Bonterra Energy (TSE:BNE) to a strong-buy rating in a research note published 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 Price Performance

Shares of Bonterra Energy stock opened at C$3.42 on Tuesday. Bonterra Energy has a 52-week low of C$3.28 and a 52-week high of C$6.87. The stock has a market capitalization of C$127.63 million, a price-to-earnings ratio of 3.49 and a beta of 2.66. The company has a fifty day moving average of C$3.75 and a 200-day moving average of C$4.63. The company has a debt-to-equity ratio of 29.67, a quick ratio of 0.21 and a current ratio of 0.51.

Bonterra Energy (TSE:BNE) last announced its quarterly earnings data on Tuesday, August 13th. The company reported C$0.20 earnings per share (EPS) for the quarter. Bonterra Energy had a net margin of 13.83% and a return on equity of 7.07%. The company had revenue of C$62.14 million during the quarter. Equities research analysts expect that Bonterra Energy will post 0.336726 EPS for the current 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.