Bonavista Energy Corp (TSE:BNP)‘s stock had its “sector perform” rating restated by RBC Capital in a report released on Friday, StockTargetPrices.com reports. They currently have a C$2.50 price objective on the stock. RBC Capital’s target price indicates a potential upside of 39.66% from the stock’s previous close.

Several other research firms have also issued reports on BNP. BMO Capital Markets dropped their price objective on Bonavista Energy Corp from C$7.00 to C$6.25 in a research note on Monday, October 19th. Barclays decreased their target price on Bonavista Energy Corp from C$6.00 to C$3.50 and set an “equal weight” rating on the stock in a research note on Thursday, October 29th. Scotiabank decreased 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 research note on Friday, November 6th. TD Securities upped their target price on Bonavista Energy Corp from C$8.00 to C$8.50 and gave the stock a “buy” rating in a research note on Friday, November 6th. Finally, Raymond James initiated coverage on Bonavista Energy Corp in a research note on Wednesday, December 2nd. They issued an “outperform” rating and a C$4.25 target price on the stock. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of C$3.54.

In other Bonavista Energy Corp news, Director Ian Stephen Brown acquired 10,000 shares of the company’s stock in a transaction on Monday, November 9th. The stock was acquired at an average price of C$2.84 per share, for a total transaction of C$28,400.00.

Shares of Bonavista Energy Corp (TSE:BNP) traded up 3.35% during midday trading on Friday, hitting $1.85. The stock had a trading volume of 1,258,469 shares. The stock’s market cap is $406.08 million. The firm’s 50-day moving average price is $1.54 and its 200-day moving average price is $3.14. Bonavista Energy Corp has a 1-year low of $0.94 and a 1-year 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.

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