Shares of Bellatrix Exploration Ltd (TSE:BXE) (NYSE:BXE) have been assigned an average recommendation of “Sell” from the seven research firms that are covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a sell rating and one has assigned a hold rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is C$1.27.
Several research firms recently weighed in on BXE. Canaccord Genuity cut their price target on Bellatrix Exploration from C$1.75 to C$1.50 in a research note on Tuesday, July 10th. National Bank Financial upgraded Bellatrix Exploration from an “underperform” rating to a “sector perform” rating and set a C$1.75 price target on the stock in a research note on Friday, July 20th. Raymond James cut their price target on Bellatrix Exploration from C$1.25 to C$1.00 and set an “underperform” rating on the stock in a research note on Friday, August 3rd. Eight Capital downgraded Bellatrix Exploration from a “neutral” rating to a “sell” rating and cut their price target for the stock from C$1.30 to C$0.45 in a research note on Friday, August 3rd. Finally, TD Securities cut their price target on Bellatrix Exploration from C$1.75 to C$1.50 in a research note on Friday, August 3rd.
Shares of TSE:BXE traded up C$0.04 during trading on Friday, hitting C$1.28. The stock had a trading volume of 306,408 shares, compared to its average volume of 352,207. Bellatrix Exploration has a 12 month low of C$1.07 and a 12 month high of C$3.84.
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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