Raymond James Cuts Bellatrix Exploration (TSE:BXE) Price Target to C$0.75

Bellatrix Exploration (TSE:BXE) (NYSE:BXE) had its target price cut by Raymond James from C$1.50 to C$0.75 in a research report released on Thursday morning, BayStreet.CA reports.

A number of other equities analysts also recently commented on BXE. National Bank Financial decreased their target price on Yangarra Resources from C$5.50 to C$5.00 and set an outperform rating for the company in a report on Tuesday, June 25th. Canaccord Genuity restated a buy rating and set a $7.50 target price on shares of in a report on Tuesday, July 9th. Finally, TD Securities decreased their target price on Stornoway Diamond from C$0.30 to C$0.25 and set a hold rating for the company in a report on Monday, April 1st. Two equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Bellatrix Exploration has an average rating of Hold and a consensus price target of C$0.59.

Shares of Bellatrix Exploration stock opened at C$0.80 on Thursday. The company has a debt-to-equity ratio of 78.31, a quick ratio of 0.28 and a current ratio of 0.31. The company has a market capitalization of $32.69 million and a P/E ratio of -0.03. The company’s 50 day simple moving average is C$0.77. Bellatrix Exploration has a 52 week low of C$0.70 and a 52 week high of C$19.20.



Bellatrix Exploration (TSE:BXE) (NYSE:BXE) last announced 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. On average, equities analysts predict that Bellatrix Exploration will post -0.84 EPS for the current year.

Bellatrix Exploration Company Profile

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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Analyst Recommendations for Bellatrix Exploration (TSE:BXE)

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