Bellatrix Exploration (BXE) PT Lowered to C$0.70 at Canaccord Genuity
Bellatrix Exploration (TSE:BXE) (NYSE:BXE) had its price target lowered by equities research analysts at Canaccord Genuity from C$0.75 to C$0.70 in a research report issued on Friday. Canaccord Genuity’s price target suggests a potential upside of 22.81% from the stock’s previous close.
Other equities research analysts have also issued reports about the stock. Raymond James restated an “underperform” rating and issued a C$0.75 price objective on shares of Bellatrix Exploration in a report on Wednesday, January 16th. National Bank Financial lowered their price objective on shares of 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.
Shares of BXE traded down C$0.03 during mid-day trading on Friday, reaching C$0.57. The company’s stock had a trading volume of 494,930 shares, compared to its average volume of 318,500. The firm has a market cap of $37.06 million and a price-to-earnings ratio of -0.44. The company has a debt-to-equity ratio of 55.39, a quick ratio of 0.60 and a current ratio of 0.72. Bellatrix Exploration has a 52 week low of C$0.48 and a 52 week 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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