Bellatrix Exploration Ltd (BXE) Given Average Recommendation of “Hold” by Analysts

Shares of Bellatrix Exploration Ltd (TSE:BXE) (NYSE:BXE) have earned a consensus recommendation of “Hold” from the eight research firms that are presently covering the company, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating. The average 12-month price objective among brokers that have covered the stock in the last year is C$2.68.

BXE has been the subject of a number of research reports. TD Securities decreased their price target on shares of Bellatrix Exploration from C$4.00 to C$3.25 and set a “hold” rating for the company in a research note on Friday, December 15th. Raymond James Financial decreased their price target on shares of Bellatrix Exploration from C$4.00 to C$3.75 in a research note on Tuesday, October 24th. AltaCorp Capital downgraded shares of Bellatrix Exploration from an “outperform” rating to a “sector perform” rating in a research note on Friday, November 10th. Finally, Eight Capital decreased their price target on shares of Bellatrix Exploration from C$4.50 to C$4.00 in a research note on Monday, November 13th.

Bellatrix Exploration (BXE) opened at C$1.95 on Tuesday. The company has a market cap of $96.29, a PE ratio of -1.26 and a beta of 1.14. Bellatrix Exploration has a one year low of C$1.85 and a one year high of C$6.40.

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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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