Bonterra Energy Gets a Buy Rating from GMP FirstEnergy

By Ryan Adsit

Bonterra Energy (TSX: BNE), the Materials sector company, has received a rating update from a Wall Street analyst today. The company received a Buy rating from GMP FirstEnergy’s analyst Robert Fitzmartyn, with a C$26 price target.

According to TipRanks.com, Fitzmartyn is ranked #4503 out of 4588 analysts.

Bonterra Energy has an analyst consensus of Moderate Buy, with a price target consensus of C$26.21.

Based on Bonterra Energy’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of C$45.92 million and quarterly net profit of C$475K. In comparison, last year the company earned revenue of C$31.05 million and had a GAAP net loss of C$11.56 million.

The company’s shares closed on Tuesday at $16.62, close to its 52-week high of $29.76.