Bellatrix Exploration (TSE:BXE) (NYSE:BXE) had its price objective decreased by equities researchers at Canaccord Genuity from C$2.25 to C$1.75 in a research report issued on Wednesday. Canaccord Genuity’s price target indicates a potential upside of 22.38% from the company’s current price.
BXE has been the subject of a number of other research reports. National Bank Financial lowered their price target on Bellatrix Exploration from C$4.00 to C$2.75 and set a “sector perform” rating for the company in a research report on Tuesday, January 9th. BMO Capital Markets set a C$1.90 price target on Bellatrix Exploration and gave the company an “underperform” rating in a research report on Thursday, January 11th. TD Securities lowered their price target on Bellatrix Exploration from C$3.00 to C$2.25 and set a “hold” rating for the company in a research report on Friday, March 2nd. AltaCorp Capital downgraded Bellatrix Exploration from a “sector perform” rating to an “underperform” rating in a research report on Friday, March 2nd. Finally, Raymond James Financial lowered their price target on Bellatrix Exploration from C$1.75 to C$1.50 in a research report on Monday, February 5th. Two equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of C$2.01.
Bellatrix Exploration (TSE:BXE) traded down C$0.05 during mid-day trading on Wednesday, reaching C$1.43. The company’s stock had a trading volume of 339,427 shares, compared to its average volume of 329,028. Bellatrix Exploration has a 1 year low of C$1.24 and a 1 year high of C$5.65. The stock has a market capitalization of $71.60, a P/E ratio of -0.92 and a beta of 0.61.
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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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