Bellatrix Exploration Ltd (BXE) Given Average Rating of “Hold” by Brokerages
Bellatrix Exploration Ltd (TSE:BXE) (NYSE:BXE) has been assigned an average recommendation of “Hold” from the six brokerages that are currently covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is C$1.88.
A number of brokerages have recently commented on BXE. Canaccord Genuity downgraded shares of Bellatrix Exploration from a “speculative buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Raymond James Financial, Inc. decreased their price objective on shares of Bellatrix Exploration from C$4.00 to C$3.75 in a research report on Tuesday.
Bellatrix Exploration (BXE) opened at 2.93 on Thursday. The firm’s market cap is $144.68 million. The firm’s 50-day moving average is $3.30 and its 200-day moving average is $3.77. Bellatrix Exploration has a 52-week low of $2.77 and a 52-week high of $6.95.
Bellatrix Exploration Company Profile
Bellatrix Exploration Ltd. is an oil and gas exploration company engaged in the exploration for, and the acquisition, development and production of oil and natural gas reserves in the provinces of Alberta, British Columbia and Saskatchewan. The Company’s properties include Ferrier, Willesden Green, Greater Pembina, Strachan and Harmattan.
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