Angle Energy (TSE:BXE) Price Target Lowered to C$2.25 at National Bank Financial

Angle Energy (TSE:BXE) (NYSE:BXE) had its price objective reduced by stock analysts at National Bank Financial from C$2.75 to C$2.25 in a note issued to investors on Wednesday, March 14th. The brokerage presently has a “sector perform” rating on the stock. National Bank Financial’s price objective would indicate a potential upside of 33.14% from the stock’s current price.

A number of other analysts have also issued reports on the company. BMO Capital Markets set a C$1.90 price target on Angle Energy and gave the stock an “underperform” rating in a research note on Thursday, January 11th. TD Securities decreased their price target on Angle Energy from C$4.00 to C$3.25 and set a “hold” rating on the stock in a research note on Friday, December 15th. AltaCorp Capital lowered Angle Energy from a “sector perform” rating to an “underperform” rating in a research note on Friday, March 2nd. Raymond James Financial decreased their price target on Angle Energy from C$1.75 to C$1.50 in a research note on Monday, February 5th. Finally, Canaccord Genuity decreased their price target on Angle Energy from C$2.25 to C$1.75 in a research note on Wednesday, March 14th. Three analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. The company has an average rating of “Hold” and a consensus price target of C$1.95.

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Shares of BXE stock traded down C$0.06 during mid-day trading on Wednesday, reaching C$1.69. The stock had a trading volume of 215,268 shares, compared to its average volume of 303,122. Angle Energy has a 12-month low of C$1.24 and a 12-month high of C$5.65.

Angle Energy (TSE:BXE) (NYSE:BXE) last posted its quarterly earnings data on Tuesday, March 13th. The company reported C($0.18) EPS for the quarter, beating analysts’ consensus estimates of C($0.25) by C$0.07. The business had revenue of C$60.90 million for the quarter, compared to analyst estimates of C$59.52 million. Angle Energy had a negative return on equity of 11.12% and a negative net margin of 49.98%.

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Angle Energy 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.

Analyst Recommendations for Angle Energy (TSE:BXE)

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