Bonavista Energy Corp Increases Again; Strong Momentum for Buyers

 Bonavista Energy Corp Increases Again; Strong Momentum for Buyers

The stock of Bonavista Energy Corp (TSE:BNP) is a huge mover today! About 82,288 shares traded hands. Bonavista Energy Corp (TSE:BNP) has risen 62.40% since April 1, 2016 and is uptrending. It has outperformed by 60.44% the S&P500.
The move comes after 7 months positive chart setup for the $1.12 billion company. It was reported on Nov, 7 by Barchart.com. We have $5.73 PT which if reached, will make TSE:BNP worth $403.20 million more.

Bonavista Energy Corp (TSE:BNP) Ratings Coverage

Out of 4 analysts covering Bonavista Energy (TSE:BNP), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. $9.25 is the highest target while $2.25 is the lowest. The $4.90 average target is 16.39% above today’s ($4.21) stock price. Bonavista Energy has been the topic of 25 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The rating was maintained by National Bank Canada on Friday, November 4 with “Outperform”. The stock has “Sector Perform” rating given by Scotia Capital on Friday, June 17. Raymond James downgraded it to “Market Perform” rating and $2.50 target price in Tuesday, January 12 report. The firm earned “Sector Perform” rating on Friday, January 29 by RBC Capital Markets. On Friday, October 28 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. Scotia Capital maintained Bonavista Energy Corp (TSE:BNP) rating on Friday, November 4. Scotia Capital has “Sector Perform” rating and $4.75 price target. The rating was maintained by Desjardins Securities on Tuesday, June 28 with “”. The company was maintained on Friday, November 4 by TD Securities.

More important recent Bonavista Energy Corp (TSE:BNP) news were published by: Reuters.com which released: “BRIEF-Bonavista Energy Corp announces 2016 third quarter results” on November 03, 2016, also Business.Financialpost.com published article titled: “Bonavista Energy Corp upgraded as new assets ‘fit like a glove'”, Marketwired.com published: “Bonavista Energy Corporation Announces 2016 Second Quarter Results” on July 26, 2016. More interesting news about Bonavista Energy Corp (TSE:BNP) was released by: Fool.ca and their article: “Bonavista Energy Corporation Is Your Best Bet With Volatile Oil Prices” with publication date: June 23, 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 $1.12 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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