Bellatrix Exploration (TSE:BXE) (NYSE:BXE) had its target price dropped by research analysts at Raymond James Financial from C$1.50 to C$1.25 in a note issued to investors on Wednesday. The brokerage currently has an “underperform” rating on the stock. Raymond James Financial’s target price would indicate a potential downside of 26.47% from the company’s current price.
Other research analysts also recently issued reports about the company. Canaccord Genuity reduced their price objective on Bellatrix Exploration from C$2.25 to C$1.75 in a report on Wednesday, March 14th. AltaCorp Capital downgraded Bellatrix Exploration from a “sector perform” rating to an “underperform” rating in a report on Friday, March 2nd. TD Securities cut their price target on Bellatrix Exploration from C$3.00 to C$2.25 and set a “hold” rating on the stock in a report on Friday, March 2nd. National Bank Financial cut their price target on Bellatrix Exploration from C$2.75 to C$2.25 and set a “sector perform” rating on the stock in a report on Wednesday, March 14th. Finally, BMO Capital Markets set a C$1.90 price target on Bellatrix Exploration and gave the company an “underperform” rating in a report on Thursday, January 11th. Three analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. Bellatrix Exploration currently has an average rating of “Hold” and a consensus target price of C$1.95.
BXE traded up C$0.01 during trading on Wednesday, hitting C$1.70. 223,231 shares of the stock were exchanged, compared to its average volume of 301,838. Bellatrix Exploration has a 1 year low of C$1.24 and a 1 year high of C$5.65.
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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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