Bonterra Energy Corp. (OTCMKTS:BNEFF – Get Rating) was the recipient of a significant drop in short interest during the month of August. As of August 15th, there was short interest totalling 211,500 shares, a drop of 15.8% from the July 31st total of 251,300 shares. Based on an average daily volume of 24,700 shares, the short-interest ratio is currently 8.6 days.
Wall Street Analysts Forecast Growth
Separately, Stifel Nicolaus lowered their price objective on Bonterra Energy from C$13.75 to C$12.00 in a research note on Thursday, August 11th.
Get Bonterra Energy alerts:Bonterra Energy Stock Performance
Shares of BNEFF stock opened at $6.82 on Wednesday. Bonterra Energy has a one year low of $3.50 and a one year high of $10.94. The company's 50-day moving average is $6.81 and its 200 day moving average is $8.02. The company has a market capitalization of $246.56 million, a price-to-earnings ratio of 4.70 and a beta of 2.00. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.21 and a current ratio of 0.21.
Bonterra Energy Company Profile
(Get Rating)Bonterra Energy Corp. engages in the production and sale of crude oil, natural gas, and natural gas liquids. It primarily focuses on the development of its Cardium land within the Pembina and Willesden Green areas located in west central Alberta. The company also holds interests in the Shaunavon area located in southwest Saskatchewan, and the Prespatou area located in northeast British Columbia.
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