What’s Ahead for Bonavista Energy Corp After Today’s Huge Increase?

 What's Ahead for Bonavista Energy Corp After Today's Huge Increase?

The stock of Bonavista Energy Corp (TSE:BNP) is a huge mover today! About 198,492 shares traded hands. Bonavista Energy Corp (TSE:BNP) has risen 55.71% since March 11, 2016 and is uptrending. It has outperformed by 50.22% the S&P500.
The move comes after 9 months positive chart setup for the $1.22 billion company. It was reported on Oct, 18 by Barchart.com. We have $7.81 PT which if reached, will make TSE:BNP worth $829.60M more.

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 -2.58% below today’s ($4.65) stock price. Bonavista Energy has been the topic of 20 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Market Perform” rating given on Tuesday, January 12 by Raymond James. The firm has “” rating by Desjardins Securities given on Tuesday, June 28. On Friday, June 17 the stock rating was maintained by Scotia Capital with “Sector Perform”. RBC Capital Markets maintained Bonavista Energy Corp (TSE:BNP) rating on Friday, January 29. RBC Capital Markets has “Sector Perform” rating and $2.50 price target.

More notable recent Bonavista Energy Corp (TSE:BNP) news were published by: Business.Financialpost.com which released: “Bonavista Energy Corp upgraded as new assets ‘fit like a glove'” on September 07, 2016, also Fool.ca with their article: “Bonavista Energy Corporation Is Your Best Bet With Volatile Oil Prices” published on June 23, 2015, Marketwired.com 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: Theglobeandmail.com and their article: “Bonavista Energy will need a cold winter to heat up its stock” published on November 20, 2015 as well as Marketwired.com‘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 $1.22 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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