Bellatrix Exploration (NYSE:BXE) (TSE:BXE) was downgraded by research analysts at UBS from a “market perform” rating to an “underperform” rating in a research report issued to clients and investors on Thursday, The Fly reports.
A number of other equities research analysts have also recently commented on BXE. Northland Securities set a $3.00 target price on shares of Bellatrix Exploration and gave the stock a “buy” rating in a research note on Monday. AltaCorp Capital cut shares of Bellatrix Exploration from an “outperform” rating to a “sector perform” rating in a research note on Friday, November 10th. Canaccord Genuity restated a “hold” rating and set a $3.75 target price on shares of Bellatrix Exploration in a research note on Friday, November 10th. Zacks Investment Research cut shares of Bellatrix Exploration from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 8th. Finally, Scotiabank restated a “hold” rating and set a $5.00 target price on shares of Bellatrix Exploration in a research note on Tuesday, October 10th. Four research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $3.92.
Shares of Bellatrix Exploration (NYSE:BXE) traded down $0.03 during trading hours on Thursday, hitting $1.48. 324,670 shares of the stock traded hands, compared to its average volume of 92,541. Bellatrix Exploration has a 52-week low of $1.44 and a 52-week high of $5.15. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.45.
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About Bellatrix Exploration
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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