Bellatrix Exploration (TSE:BXE) (NYSE:BXE) had its target price cut by Raymond James from C$0.75 to C$0.50 in a report published on Friday, BayStreet.CA reports. They currently have an underperform rating on the stock.
Other equities research analysts also recently issued research reports about the company. Canaccord Genuity decreased their target price on Bellatrix Exploration from C$3.60 to C$0.75 in a research report on Tuesday, July 9th. National Bank Financial decreased their target price on Bellatrix Exploration from C$1.00 to C$0.75 and set a sector perform rating for the company in a research report on Thursday. One analyst has rated the stock with a sell rating and five have given a hold rating to the company. The stock presently has a consensus rating of Hold and an average price target of C$0.53.
BXE stock traded down C$0.03 during trading on Friday, reaching C$0.57. 19,800 shares of the stock traded hands, compared to its average volume of 54,942. The firm’s 50 day simple moving average is C$0.78. Bellatrix Exploration has a 52-week low of C$0.56 and a 52-week high of C$19.20. The company has a quick ratio of 0.28, a current ratio of 0.31 and a debt-to-equity ratio of 78.31. The firm has a market cap of $23.29 million and a price-to-earnings ratio of -0.02.
Bellatrix Exploration (TSE:BXE) (NYSE:BXE) last posted its quarterly earnings results on Wednesday, May 15th. The company reported C($0.24) earnings per share (EPS) for the quarter. The business had revenue of C$66.71 million during the quarter. Equities research analysts anticipate that Bellatrix Exploration will post -0.8399999 EPS for the current 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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