Bellatrix Exploration (BXE) Price Target Cut to C$1.50 by Analysts at Raymond James Financial

Bellatrix Exploration (TSE:BXE) (NYSE:BXE) had its price target reduced by equities research analysts at Raymond James Financial from C$1.75 to C$1.50 in a report issued on Monday. Raymond James Financial’s target price indicates a potential upside of 6.38% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on BXE. TD Securities lowered their target price on Bellatrix Exploration from C$4.25 to C$4.00 and set a “hold” rating for the company in a report on Friday, November 10th. Eight Capital lowered their target price on Bellatrix Exploration from C$4.50 to C$4.00 in a report on Monday, November 13th. AltaCorp Capital cut Bellatrix Exploration from an “outperform” rating to a “sector perform” rating in a report on Friday, November 10th. National Bank Financial lowered their target price on Bellatrix Exploration from C$4.00 to C$2.75 and set a “sector perform” rating for the company in a report on Tuesday, January 9th. Finally, BMO Capital Markets set a C$1.90 target price on Bellatrix Exploration and gave the stock an “underperform” rating in a report on Thursday, January 11th. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of C$2.16.

Bellatrix Exploration (TSE:BXE) traded down C$0.09 during trading on Monday, hitting C$1.41. The stock had a trading volume of 237,700 shares, compared to its average volume of 375,318. Bellatrix Exploration has a 12 month low of C$1.37 and a 12 month high of C$5.70. The firm has a market cap of $73.57, a PE ratio of -0.95 and a beta of 0.70.

Bellatrix Exploration (TSE:BXE) (NYSE:BXE) last posted its quarterly earnings results on Thursday, November 9th. The company reported C($0.24) EPS for the quarter, hitting analysts’ consensus estimates of C($0.24). Bellatrix Exploration had a negative return on equity of 11.12% and a negative net margin of 49.98%. The company had revenue of C$60.79 million during the quarter, compared to analysts’ expectations of C$64.90 million.

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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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