Can Bonavista Energy Corp’s Tomorrow be Different? The Stock Declines Again

 Can Bonavista Energy Corp's Tomorrow be Different? The Stock Declines Again

The stock of Bonavista Energy Corp (TSE:BNP) is a huge mover today! About 236,307 shares traded hands. Bonavista Energy Corp (TSE:BNP) has risen 82.55% since April 7, 2016 and is uptrending. It has outperformed by 76.41% the S&P500.
The move comes after 8 months negative chart setup for the $1.06B company. It was reported on Nov, 11 by Barchart.com. We have $3.86 PT which if reached, will make TSE:BNP worth $53.00M less.

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 20.69% above today’s ($4.06) stock price. Bonavista Energy has been the topic of 25 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of Bonavista Energy Corp (TSE:BNP) earned “” rating by Desjardins Securities on Tuesday, June 28. National Bank Canada maintained Bonavista Energy Corp (TSE:BNP) on Friday, November 4 with “Outperform” rating. The firm has “Buy” rating given on Friday, November 4 by TD Securities. RBC Capital Markets maintained the stock with “Sector Perform” rating in Friday, January 29 report. The rating was maintained by Scotia Capital on Friday, November 4 with “Sector Perform”. On Friday, June 17 the stock rating was maintained by Scotia Capital with “Sector Perform”. The firm has “Market Perform” rating by Raymond James given on Tuesday, January 12. As per Friday, October 28, the company rating was maintained by RBC Capital Markets.

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 $1.06 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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