Xenon Pharmaceuticals (XENE) Issues Earnings Results

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Xenon Pharmaceuticals (NASDAQ:XENE) released its quarterly earnings data on Tuesday. The biopharmaceutical company reported ($0.63) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.47) by ($0.16), Fidelity Earnings reports.

Shares of NASDAQ:XENE traded down $0.16 during trading on Wednesday, hitting $9.81. 4,490 shares of the company’s stock traded hands, compared to its average volume of 145,876. Xenon Pharmaceuticals has a 52 week low of $2.10 and a 52 week high of $15.92. The company has a debt-to-equity ratio of 0.41, a current ratio of 20.83 and a quick ratio of 20.83. The stock has a market capitalization of $205.71 million, a PE ratio of -5.69 and a beta of 1.20.

Several equities analysts have recently weighed in on the company. Zacks Investment Research cut Xenon Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Wednesday. BidaskClub cut Xenon Pharmaceuticals from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 22nd. Jefferies Financial Group reiterated a “buy” rating and set a $16.00 price objective on shares of Xenon Pharmaceuticals in a report on Friday, August 10th. Finally, Stifel Nicolaus lifted their price objective on Xenon Pharmaceuticals from $9.00 to $15.00 and gave the company a “buy” rating in a report on Wednesday, August 8th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $14.33.

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Xenon Pharmaceuticals Company Profile

Xenon Pharmaceuticals Inc, a clinical-stage biopharmaceutical company, engages in developing therapeutics to treat patients with neurological disorders in Canada. The company uses Extreme Genetics, a core enabling discovery platform for the discovery of validated drug targets by studying rare human diseases with extreme traits, including diseases caused by mutations in ion channels, known as channelopathies.

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Earnings History for Xenon Pharmaceuticals (NASDAQ:XENE)

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