Bellatrix Exploration Ltd (BXE) Receives Consensus Recommendation of “Sell” from Analysts

Bellatrix Exploration Ltd (TSE:BXE) (NYSE:BXE) has earned an average recommendation of “Sell” from the seven analysts that are currently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a sell recommendation and one has issued a hold recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$1.27.

BXE has been the topic of a number of research reports. Canaccord Genuity decreased their price target on Bellatrix Exploration from C$1.50 to C$1.25 in a research note on Friday, August 3rd. TD Securities decreased their price target on Bellatrix Exploration from C$1.75 to C$1.50 in a research note on Friday, August 3rd. National Bank Financial decreased their price target on Bellatrix Exploration from C$1.75 to C$1.50 and set a “sector perform” rating on the stock in a research note on Friday, August 3rd. Eight Capital cut Bellatrix Exploration from a “neutral” rating to a “sell” rating and decreased their price target for the stock from C$1.30 to C$0.45 in a research note on Friday, August 3rd. Finally, Raymond James decreased their price target on Bellatrix Exploration from C$1.25 to C$1.00 and set an “underperform” rating on the stock in a research note on Friday, August 3rd.

TSE:BXE traded down C$0.07 during trading hours on Wednesday, reaching C$1.24. 348,087 shares of the stock were exchanged, compared to its average volume of 357,822. Bellatrix Exploration has a twelve month low of C$1.07 and a twelve month high of C$3.49.

Bellatrix Exploration (TSE:BXE) (NYSE:BXE) last released its quarterly earnings results on Thursday, August 2nd. The company reported C($0.63) EPS for the quarter. Bellatrix Exploration had a negative return on equity of 11.12% and a negative net margin of 49.98%. The firm had revenue of C$54.02 million for the quarter.

About Bellatrix Exploration

Bellatrix Exploration Ltd., an oil and gas company, engages in the acquisition, exploration, development, and production of oil and natural gas reserves in the provinces of Alberta, British Columbia, and Saskatchewan in Canada. It primarily focuses on developing its two core resource plays, the Cardium and the Spirit River in Western Canada.

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Analyst Recommendations for Bellatrix Exploration (TSE:BXE)

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