Bellatrix Exploration (BXE) Hits New 12-Month Low at $1.75

Bellatrix Exploration Ltd (TSE:BXE) (NYSE:BXE) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as C$1.75 and last traded at C$1.77, with a volume of 160028 shares trading hands. The stock had previously closed at C$1.83.

Several brokerages recently issued reports on BXE. Raymond James Financial reduced their target price on Bellatrix Exploration from C$4.00 to C$3.75 in a research report on Tuesday, October 24th. BMO Capital Markets set a C$1.90 target price on Bellatrix Exploration and gave the company an “underperform” rating in a research report on Thursday, January 11th. National Bank Financial reduced their target price on Bellatrix Exploration from C$4.00 to C$2.75 and set a “sector perform” rating on the stock in a research report on Tuesday, January 9th. AltaCorp Capital lowered Bellatrix Exploration from an “outperform” rating to a “sector perform” rating in a research report on Friday, November 10th. Finally, TD Securities reduced their target price on Bellatrix Exploration from C$4.00 to C$3.25 and set a “hold” rating on the stock in a research report on Friday, December 15th. One equities research analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of C$2.44.

The firm has a market capitalization of $80.98, a price-to-earnings ratio of -1.06 and a beta of 1.14.

Bellatrix Exploration (TSE:BXE) (NYSE:BXE) last announced its quarterly earnings data on Thursday, November 9th. The company reported C($0.24) earnings per share for the quarter, meeting 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%.

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Bellatrix Exploration Company Profile

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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