Bellatrix Exploration (TSE:BXE) (NYSE:BXE) had its price target lowered by equities research analysts at National Bank Financial from C$1.00 to C$0.75 in a research report issued on Thursday, BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bank Financial’s price objective points to a potential upside of 25.00% from the company’s previous close.
Several other research firms have also commented on BXE. Canaccord Genuity dropped their target price on Bellatrix Exploration from C$3.60 to C$0.75 in a research note on Tuesday, July 9th. Raymond James dropped their target price on Bellatrix Exploration from C$1.50 to C$0.75 in a research note on Thursday, July 11th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of C$0.57.
Bellatrix Exploration stock traded up C$0.04 during trading on Thursday, hitting C$0.60. The company’s stock had a trading volume of 7,369 shares, compared to its average volume of 55,047. The stock has a market capitalization of $24.52 million and a PE ratio of -0.02. The stock has a fifty day moving average price of C$0.80. Bellatrix Exploration has a 1-year low of C$0.56 and a 1-year high of C$19.20. The company has a debt-to-equity ratio of 78.31, a current ratio of 0.31 and a quick ratio of 0.28.
Bellatrix Exploration (TSE:BXE) (NYSE:BXE) last released its earnings results on Wednesday, May 15th. The company reported C($0.24) EPS for the quarter. The company had revenue of C$66.71 million during the quarter. Equities research analysts forecast that Bellatrix Exploration will post -0.8399999 EPS for the current fiscal year.
About Bellatrix Exploration
Bellatrix Exploration Ltd., an oil and gas company, engages in the acquisition, exploration, development, and production of oil and natural gas reserves in the provinces of Alberta, British Columbia, and Saskatchewan in Canada. It primarily focuses on developing its two core resource plays, the Cardium and the Spirit River in Western Canada.
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