FX Energy Stock Price Down 3.4% on Analyst Downgrade (FXEN)

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FX Energy (NASDAQ:FXEN) fell 3.4% on Wednesday after Imperial Capital lowered their price target on the stock from $6.50 to $5.50, Analyst Ratings.Net reports. Imperial Capital currently has an outperform rating on the stock. FX Energy traded as low as $3.09 and last traded at $3.09, with a volume of 73,078 shares. The stock had previously closed at $3.20.

Separately, analysts at MLV & Co
cut their price target on shares of FX Energy from $5.50 to $3.50 in a research note on Wednesday, June 4th. They now have a “hold” rating on the stock.

The stock has a 50-day moving average of $3.30 and a 200-day moving average of $3.72. The company has a market cap of $166.6 million and a P/E ratio of 35.56.

FX Energy (NASDAQ:FXEN) last released its earnings data on Monday, August 11th. The company reported ($0.08) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.03) by $0.05. The company had revenue of $10.20 million for the quarter, compared to the consensus estimate of $9.19 million. During the same quarter last year, the company posted ($0.20) earnings per share. FX Energy’s revenue was up 24.4% compared to the same quarter last year. On average, analysts predict that FX Energy will post $-0.04 earnings per share for the current fiscal year.

FX Energy, Inc is an independent oil and gas exploration and production company with production, appraisal, and exploration activities in Poland.

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