Bellatrix Exploration Ltd (TSE:BXE) (NYSE:BXE) dropped 0.6% on Wednesday . The company traded as low as C$1.57 and last traded at C$1.65. Approximately 75,105 shares were traded during mid-day trading, a decline of 80% from the average daily volume of 366,602 shares. The stock had previously closed at C$1.66.
BXE has been the topic of a number of research analyst reports. Raymond James Financial reduced their price target on shares of Bellatrix Exploration from C$1.75 to C$1.50 in a research note on Monday, February 5th. Eight Capital reduced their price target on shares of Bellatrix Exploration from C$4.50 to C$4.00 in a research note on Monday, November 13th. TD Securities reduced their price target on shares of Bellatrix Exploration from C$4.00 to C$3.25 and set a “hold” rating on the stock in a research note on Friday, December 15th. 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, National Bank Financial reduced their price target on shares of Bellatrix Exploration from C$4.00 to C$2.75 and set a “sector perform” rating on the stock in a research note on Tuesday, January 9th. One analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of C$2.16.
The company has a market cap of $81.97, a PE ratio of -1.07 and a beta of 0.70.
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.
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