What’s in Bonavista Energy Corp After Today’s Huge Decline?

 What's in Bonavista Energy Corp After Today's Huge Decline?

The stock of Bonavista Energy Corp (TSE:BNP) is a huge mover today! About 518,581 shares traded hands. Bonavista Energy Corp (TSE:BNP) has risen 65.45% since April 19, 2016 and is uptrending. It has outperformed by 60.13% the S&P500.
The move comes after 9 months negative chart setup for the $1.19 billion company. It was reported on Nov, 23 by Barchart.com. We have $4.12 PT which if reached, will make TSE:BNP worth $107.10M 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 8.17% above today’s ($4.53) stock price. Bonavista Energy has been the topic of 25 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Market Perform” rating by Raymond James given on Tuesday, January 12. TD Securities maintained Bonavista Energy Corp (TSE:BNP) on Friday, November 4 with “Buy” rating. Scotia Capital maintained the shares of BNP in a report on Friday, November 4 with “Sector Perform” rating. As per Friday, October 28, the company rating was maintained by RBC Capital Markets. The firm has “Sector Perform” rating by Scotia Capital given on Friday, June 17. On Friday, November 4 the stock rating was maintained by National Bank Canada with “Outperform”. Desjardins Securities maintained the stock with “” rating in Tuesday, June 28 report. On Friday, January 29 the stock rating was maintained by RBC Capital Markets with “Sector Perform”.

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 Marketwired.com with their article: “Bonavista Energy Corporation Announces 2016 Second Quarter Results” published on July 26, 2016, Reuters.com published: “BRIEF-Bonavista Energy Corp announces 2016 third quarter results” on November 03, 2016. More interesting news about Bonavista Energy Corp (TSE:BNP) were released by: Fool.ca and their article: “Bonavista Energy Corporation Is Your Best Bet With Volatile Oil Prices” published on June 23, 2015 as well as Seekingalpha.com‘s news article titled: “Is There Any Value Left In Bonavista Energy?” with publication date: May 03, 2016.

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 $1.19 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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