Bonavista Energy Corp (TSE:BNP) had its price target decreased by Barclays from C$3.50 to C$1.50 in a report published on Wednesday morning, AnalystRatings.Net reports. Barclays currently has an equal weight rating on the stock.

In related news, Director Ian Stephen Brown purchased 10,000 shares of the firm’s stock in a transaction that occurred on Monday, November 9th. The shares were acquired at an average price of C$2.84 per share, with a total value of C$28,400.00.

Bonavista Energy Corp (TSE:BNP) opened at 1.28 on Wednesday. Bonavista Energy Corp has a one year low of $0.94 and a one year high of $9.26. The firm’s market capitalization is $280.97 million. The stock’s 50 day moving average price is $1.61 and its 200-day moving average price is $3.28.

A number of other analysts have also issued reports on BNP. CIBC lowered their target price on Bonavista Energy Corp from C$5.25 to C$3.00 in a report on Thursday, January 14th. Scotiabank lowered their target price on Bonavista Energy Corp from C$6.00 to C$5.50 and set a sector perform rating on the stock in a report on Friday, November 6th. AltaCorp Capital lowered Bonavista Energy Corp from an outperform rating to a sector perform rating in a report on Friday, January 8th. TD Securities raised their target price on Bonavista Energy Corp from C$8.00 to C$8.50 and gave the company a buy rating in a report on Friday, November 6th. Finally, BMO Capital Markets lowered their target price on Bonavista Energy Corp from C$7.00 to C$6.25 in a report on Monday, October 19th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Bonavista Energy Corp has an average rating of Hold and a consensus price target of C$5.86.

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.

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