Bellatrix Exploration (TSE:BXE) Price Target Lowered to C$0.75 at Canaccord Genuity
Bellatrix Exploration (TSE:BXE) (NYSE:BXE) had its target price trimmed by Canaccord Genuity from C$3.60 to C$0.75 in a research report released on Tuesday morning, BayStreet.CA reports.
Other equities analysts also recently issued reports about the stock. Raymond James set a C$3.50 price target on shares of StorageVault Canada and gave the stock a strong-buy rating in a research note on Thursday, May 16th. National Bank Financial decreased their price target on shares of Yangarra Resources from C$5.50 to C$5.00 and set an outperform rating for the company in a research note on Tuesday, June 25th. Finally, TD Securities decreased their price target on shares of Stornoway Diamond from C$0.30 to C$0.25 and set a hold rating for the company in a research note on Monday, April 1st. Two investment analysts have 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 a consensus target price of C$0.59.
BXE stock opened at C$0.78 on Tuesday. Bellatrix Exploration has a 1 year low of C$0.70 and a 1 year high of C$19.20. The company has a market capitalization of $31.47 million and a P/E ratio of -0.03. The business has a 50-day moving average of C$0.76. The company has a current ratio of 0.31, a quick ratio of 0.28 and a debt-to-equity ratio of 78.31.
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.
Receive News & Ratings for Bellatrix Exploration Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bellatrix Exploration and related companies with MarketBeat.com's FREE daily email newsletter.