Bellatrix Exploration (TSE:BXE) Given New C$0.40 Price Target at TD Securities

Bellatrix Exploration (TSE:BXE) (NYSE:BXE) had its target price reduced by TD Securities from C$0.75 to C$0.40 in a report published on Monday, April 1st, BayStreet.CA reports. They currently have a hold rating on the stock.

Several other research analysts have also weighed in on BXE. Canaccord Genuity lowered their price objective on shares of Bellatrix Exploration from C$0.75 to C$0.70 in a research note on Friday, March 15th. 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 on the stock in a research note on Monday, December 10th. Finally, Raymond James lowered their price objective on shares of Bellatrix Exploration from C$0.75 to C$0.25 and set an underperform rating on the stock in a research note on Friday, March 15th.

BXE stock traded down C$0.02 during midday trading on Monday, hitting C$0.29. The company’s stock had a trading volume of 203,667 shares, compared to its average volume of 408,635. The company has a current ratio of 0.44, a quick ratio of 0.35 and a debt-to-equity ratio of 63.67. Bellatrix Exploration has a twelve month low of C$0.26 and a twelve month high of C$2.17. The firm has a market capitalization of $25.08 million and a P/E ratio of -0.12.

Bellatrix Exploration (TSE:BXE) (NYSE:BXE) last issued its quarterly earnings results on Thursday, March 14th. The company reported C($1.24) earnings per share (EPS) for the quarter. The business had revenue of C$56.95 million for the quarter. As a group, equities research analysts forecast that Bellatrix Exploration will post -0.72000001152 EPS for the current fiscal year.

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.

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