Bellatrix Exploration (BXE) PT Set at C$1.90 by BMO Capital Markets

BMO Capital Markets set a C$1.90 price objective on Bellatrix Exploration (TSE:BXE) (NYSE:BXE) in a report issued on Thursday. The firm currently has an underperform rating on the stock.

Several other equities research analysts also recently issued reports on BXE. Raymond James Financial decreased their price target on Bellatrix Exploration from C$4.00 to C$3.75 in a report on Tuesday, October 24th. National Bank Financial reduced their price objective on Bellatrix Exploration from C$4.00 to C$2.75 and set a sector perform rating for the company in a research note on Tuesday. Eight Capital reduced their price objective on Bellatrix Exploration from C$4.50 to C$4.00 in a research note on Monday, November 13th. TD Securities reduced their price objective on Bellatrix Exploration from C$4.25 to C$4.00 and set a hold rating for the company in a research note on Friday, November 10th. Finally, AltaCorp Capital downgraded Bellatrix Exploration from an outperform rating to a sector perform rating in a research note on Friday, November 10th. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. The company presently has a consensus rating of Hold and an average price target of C$2.44.

Shares of Bellatrix Exploration (TSE BXE) traded down C$0.04 during trading on Thursday, reaching C$1.88. The company had a trading volume of 473,504 shares, compared to its average volume of 431,502. Bellatrix Exploration has a 1-year low of C$1.82 and a 1-year high of C$6.40. The company has a market capitalization of $92.83, a P/E ratio of -1.21 and a beta of 1.14.

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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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