Bonavista Energy Corp (TSE:BNP) had its price target cut by Credit Suisse from C$2.25 to C$1.50 in a report released on Thursday, StockTargetPrices.com reports.

BNP has been the subject of a number of other research reports. TD Securities upped their price target on Bonavista Energy Corp from C$8.00 to C$8.50 and gave the stock a buy rating in a report on Friday, November 6th. AltaCorp Capital cut Bonavista Energy Corp from an outperform rating to a sector perform rating in a research note on Friday, January 8th. Scotiabank reduced their target price on Bonavista Energy Corp from C$6.00 to C$5.50 and set a sector perform rating for the company in a research note on Friday, November 6th. Raymond James reduced their target price on Bonavista Energy Corp from C$4.25 to C$2.50 and set a market perform rating for the company in a research note on Tuesday, January 12th. Finally, Barclays reduced their target price on Bonavista Energy Corp from C$6.00 to C$3.50 and set an equal weight rating for the company in a research note on Thursday, October 29th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of C$4.00.

In other news, Director Ian Stephen Brown acquired 10,000 shares of Bonavista Energy Corp stock in a transaction that occurred on Monday, November 9th. The shares were purchased at an average cost of C$2.84 per share, for a total transaction of C$28,400.00.

Bonavista Energy Corp (TSE:BNP) opened at 1.79 on Thursday. The firm has a 50-day moving average of $1.54 and a 200 day moving average of $3.14. The firm’s market capitalization is $392.91 million. Bonavista Energy Corp has a 52 week low of $0.94 and a 52 week high of $9.26.

Bonavista Energy Corporation (TSE:BNP) is an oil and natural gas company. The Company acquires, develops and holds interests in oil and natural gas properties and assets in Western Canada. Its West Central Core Area is characterized by liquids-rich natural gas and light oil resources. It includes infrastructure of over 2,800 kilometers of pipelines and 38 facilities, which are operated by Bonavista. West Central core area has approximately 1.3 million acres, containing approximately 800 of drilling locations. The average annual production in West Central Core Area is 46,796 boe per day. Its Deep Basin Core Area contains multiple vertically stacked oil and natural gas reservoirs. The Company has assembled approximately 300,000 net acres and identified 300 horizontal drilling locations in the Deep Basin Core Area. The average annual production in Deep Basin Core Area is 17,276 boe per day. Bonavista drilled approximately 130 wells within the Deep Basin and West Central Core Areas.

Stock Target Prices

Receive News & Ratings for Bonavista Energy Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bonavista Energy Corp and related companies with MarketBeat.com's FREE daily email newsletter.