BMO Capital Reiterates Their Hold Rating on Bonavista Energy

By Austin Angelo

Bonavista Energy (TSX: BNP), the Materials sector company, was revisited by a Wall Street analyst yesterday. Analyst Randy Ollenberger from BMO Capital rated Bonavista Energy (TSX: BNP) a Hold, setting a C$3.25 price target.

According to TipRanks.com, Ollenberger is ranked 0 out of 5 stars with an average return of -11.2% and a 25.6% success rate. Ollenberger covers the Basic Materials sector, focusing on stocks such as Wildhorse Resource Development Corp, Sanchez Energy Corporation, and Spectra Energy Partners.

Bonavista Energy has an analyst consensus of Strong Buy, with a price target consensus of C$5.

Bonavista Energy’s market cap is currently C$657.7M and has a P/E ratio of 0.

Bonavista Energy Corp. explores, develops and produces oil and natural gas in Canada. Its major properties are concentrated within three core regions in western Canada. The company’s Western core region operations offer multi-zone oil and liquids rich natural gas resources in close proximity to infrastructure and services, with year round access.

The company’s shares closed on Monday at $2.58, close to its 52-week high of $5.58.