Could Bonavista Energy Corp See a Reversal After This Very Weak Session?

 Could Bonavista Energy Corp See a Reversal After This Very Weak Session?

The stock of Bonavista Energy Corp (TSE:BNP) is a huge mover today! About 1.06M shares traded hands. Bonavista Energy Corp (TSE:BNP) has risen 58.53% since March 10, 2016 and is uptrending. It has outperformed by 52.92% the S&P500.
The move comes after 8 months negative chart setup for the $1.18B company. It was reported on Oct, 17 by We have $4.10 PT which if reached, will make TSE:BNP worth $106.20M less.

Bonavista Energy Corp (TSE:BNP) Ratings Coverage

Out of 2 analysts covering Bonavista Energy (TSE:BNP), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. $9.25 is the highest target while $2.25 is the lowest. The $4.53 average target is 0.67% above today’s ($4.5) stock price. Bonavista Energy has been the topic of 20 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Desjardins Securities maintained Bonavista Energy Corp (TSE:BNP) rating on Tuesday, June 28. Desjardins Securities has “” rating and $4 price target. Scotia Capital maintained the shares of BNP in a report on Friday, June 17 with “Sector Perform” rating. The company was maintained on Friday, January 29 by RBC Capital Markets. The rating was downgraded by Raymond James to “Market Perform” on Tuesday, January 12.

More notable recent Bonavista Energy Corp (TSE:BNP) news were published by: which released: “Bonavista Energy Corp upgraded as new assets ‘fit like a glove'” on September 07, 2016, also with their article: “Bonavista Energy Corporation Is Your Best Bet With Volatile Oil Prices” published on June 23, 2015, published: “Bonavista Energy Corporation Confirms Dividend for October 17, 2016” on September 15, 2016. More interesting news about Bonavista Energy Corp (TSE:BNP) were released by: and their article: “Bonavista Energy will need a cold winter to heat up its stock” published on November 20, 2015 as well as‘s news article titled: “Bonavista Energy Corporation Announces 2015 Third Quarter Results” with publication date: November 05, 2015.

Bonavista Energy Corporation is a resource firm engaged in the acquisition, exploration, development and production of oil and natural gas assets. The company has a market cap of $1.18 billion. The Company’s West Central Core Area is characterized by natural gas and light oil resources. It currently has negative earnings. West Central Core Area is located within the Western Canadian Sedimentary Basin between Calgary and Drayton Valley, Alberta.

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