Bellatrix Exploration (BXE) Price Target Cut to C$3.25

Bellatrix Exploration (TSE:BXE) (NYSE:BXE) had its target price lowered by equities research analysts at TD Securities from C$4.00 to C$3.25 in a report issued on Friday. The firm presently has a “hold” rating on the stock. TD Securities’ price objective points to a potential upside of 72.87% from the stock’s current price.

BXE has been the topic of a number of other research reports. Eight Capital cut their price objective on shares of Bellatrix Exploration from C$4.50 to C$4.00 in a research note on Monday, November 13th. AltaCorp Capital lowered shares of Bellatrix Exploration from an “outperform” rating to a “sector perform” rating in a research note on Friday, November 10th. Finally, Raymond James Financial cut their price objective on shares of Bellatrix Exploration from C$4.00 to C$3.75 in a research note on Tuesday, October 24th. Seven equities research analysts have rated the stock with a hold rating, The company has an average rating of “Hold” and an average target price of C$2.48.

Shares of Bellatrix Exploration (BXE) traded down C$0.05 during trading on Friday, reaching C$1.88. 400,414 shares of the company’s stock were exchanged, compared to its average volume of 121,085. Bellatrix Exploration has a twelve month low of C$1.85 and a twelve month high of C$6.85.

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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.

Analyst Recommendations for Bellatrix Exploration (TSE:BXE)

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