BP Prudhoe Bay Royalty Trust (BPT) Reaches $25.70 After 5.00% Down Move; Last Week Bonavista Energy (TSE:BNP) Coverage

June 14, 2018 - By Cheryll Laflamme

Bonavista Energy Corporation (TSE:BNP) Logo

The stock of BP Prudhoe Bay Royalty Trust (NYSE:BPT) is a huge mover today! The stock decreased 3.93% or $1.05 during the last trading session, reaching $25.7. About 212,905 shares traded. BP Prudhoe Bay Royalty Trust (NYSE:BPT) has risen 42.50% since June 14, 2017 and is uptrending. It has outperformed by 29.93% the S&P500. Some Historical BPT News: ; 30/04/2018 – CommSec: Beach Energy $BPT rose most in April while $AMP was the worst performer on the #ASX 200 over the month. Source: Blo…; 06/04/2018 BP Prudhoe Bay Royalty Trust Announces First Quarter 2018 Unit Payment; 30/04/2018 – New Research: Key Drivers of Growth for Advanced Micro Devices, Alamo Group, United Insurance, Post, BP Prudhoe Bay Royalty Tru; 19/04/2018 – DJ BP Prudhoe Bay Royalty Trust, Inst Holders, 1Q 2018 (BPT)The move comes after 7 months negative chart setup for the $549.98M company. It was reported on Jun, 14 by Barchart.com. We have $24.42 PT which if reached, will make NYSE:BPT worth $27.50 million less.

Among 5 analysts covering Bonavista Energy (TSE:BNP), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Bonavista Energy had 32 analyst reports since July 21, 2015 according to SRatingsIntel. Raymond James downgraded Bonavista Energy Corporation (TSE:BNP) on Tuesday, January 12 to “Market Perform” rating. On Thursday, February 2 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The firm earned “Sector Perform” rating on Friday, January 29 by RBC Capital Markets. The firm has “Buy” rating by TD Securities given on Friday, March 3. As per Friday, November 4, the company rating was maintained by National Bank Canada. TD Securities maintained the shares of BNP in report on Friday, November 4 with “Buy” rating. On Friday, May 5 the stock rating was upgraded by RBC Capital Markets to “Outperform”. The rating was maintained by Scotia Capital on Friday, March 3 with “Outperform”. The firm has “” rating by Desjardins Securities given on Tuesday, June 28. The stock of Bonavista Energy Corporation (TSE:BNP) has “Sector Perform” rating given on Friday, October 28 by RBC Capital Markets. See Bonavista Energy Corporation (TSE:BNP) latest ratings:

BP Prudhoe Bay Royalty Trust operates as a grantor trust in the United States. The company has market cap of $549.98 million. The firm holds overriding royalty interest comprising a non-operational interest in minerals in the Prudhoe Bay oil field located on the North Slope of Alaska. It has a 6.7 P/E ratio. The Prudhoe Bay field extends approximately 12 miles by 27 miles and contains approximately 150,000 gross productive acres.

The stock decreased 1.01% or $0.015 during the last trading session, reaching $1.465. About 424,711 shares traded. Bonavista Energy Corporation (TSE:BNP) has 0.00% since June 14, 2017 and is . It has underperformed by 12.57% the S&P500.

Bonavista Energy Corporation engages in the acquisition, exploration, development, and production of oil and natural gas assets in Western Canada. The company has market cap of $380.03 million. As of December 31, 2016, its proved reserves totaled 273.2 million barrels of oil equivalent; and proved plus probable reserves were 414.2 million barrels of oil equivalent. It currently has negative earnings.

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