Is Buying Stock Like Bonavista Energy Corp After Such Increase Winning Strategy?

 Is Buying Stock Like Bonavista Energy Corp After Such Increase Winning Strategy?

The stock of Bonavista Energy Corp (TSE:BNP) is a huge mover today! About 216,924 shares traded hands. Bonavista Energy Corp (TSE:BNP) has risen 41.11% since April 26, 2016 and is uptrending. It has outperformed by 35.89% the S&P500.
The move comes after 8 months positive chart setup for the $1.10 billion company. It was reported on Nov, 30 by Barchart.com. We have $4.72 PT which if reached, will make TSE:BNP worth $77.00 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 11.11% above today’s ($4.41) 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 “Market Perform” rating by Raymond James on Tuesday, January 12. The firm has “” rating given on Tuesday, June 28 by Desjardins Securities. Scotia Capital maintained the shares of BNP in a report on Friday, June 17 with “Sector Perform” rating. On Friday, November 4 the stock rating was maintained by Scotia Capital with “Sector Perform”. The firm has “Buy” rating by TD Securities given on Friday, November 4. The stock has “Sector Perform” rating given by RBC Capital Markets on Friday, January 29. The rating was maintained by National Bank Canada with “Outperform” on Friday, November 4. RBC Capital Markets maintained the stock with “Sector Perform” rating in Friday, October 28 report.

More 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 published the news titled: “Bonavista Energy Corporation Announces 2016 Second Quarter Results” on July 26, 2016. Reuters.com‘s news article titled: “BRIEF-Bonavista Energy Corp announces 2016 third quarter results” with publication date: November 03, 2016 was also an interesting one.

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 $1.10 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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