Bellatrix Exploration (BXE) Receives Underperform Rating from Raymond James

Bellatrix Exploration (TSE:BXE) (NYSE:BXE)‘s stock had its “underperform” rating reiterated by equities researchers at Raymond James in a note issued to investors on Thursday, BayStreet.CA reports. They currently have a C$0.25 price objective on the stock. Raymond James’ target price would indicate a potential upside of 8.70% from the company’s current price.

Other equities analysts also recently issued reports about the company. TD Securities dropped their target price on Bellatrix Exploration from C$0.75 to C$0.40 and set a “hold” rating for the company in a research report on Monday, April 1st. Canaccord Genuity decreased their price target on Bellatrix Exploration from C$0.75 to C$0.70 in a research note on Friday, March 15th.

TSE:BXE opened at C$0.23 on Thursday. The firm has a market cap of $18.61 million and a PE ratio of -0.09. The company has a quick ratio of 0.35, a current ratio of 0.44 and a debt-to-equity ratio of 63.67. Bellatrix Exploration has a fifty-two week low of C$0.22 and a fifty-two week high of C$1.65.

Bellatrix Exploration (TSE:BXE) (NYSE:BXE) last posted its earnings results on Thursday, March 14th. The company reported C($1.24) EPS for the quarter. The business had revenue of C$56.95 million during the quarter. On average, research analysts expect that Bellatrix Exploration will post -0.719999987478261 earnings per share 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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