Bellatrix Exploration (BXE) Given New C$0.25 Price Target at Raymond James
Bellatrix Exploration (TSE:BXE) (NYSE:BXE) had its target price cut by equities research analysts at Raymond James from C$0.75 to C$0.25 in a report released on Friday. The brokerage currently has an “underperform” rating on the stock. Raymond James’ price objective indicates a potential downside of 53.70% from the stock’s previous close.
A number of other research firms have also recently weighed in on BXE. National Bank Financial lowered their price target on Bellatrix Exploration from C$1.50 to C$1.20 and set a “sector perform” rating for the company in a report on Monday, December 10th. Canaccord Genuity lowered their price target on Bellatrix Exploration from C$1.25 to C$0.75 in a report on Thursday, January 10th.
TSE BXE opened at C$0.54 on Friday. The firm has a market cap of $37.06 million and a PE ratio of -0.42. The company has a debt-to-equity ratio of 55.39, a current ratio of 0.72 and a quick ratio of 0.60. Bellatrix Exploration has a twelve month low of C$0.48 and a twelve month high of C$2.17.
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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