Bellatrix Exploration (BXE) Stock Price Down 3.3%

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Bellatrix Exploration Ltd (TSE:BXE) (NYSE:BXE)’s share price fell 3.3% during mid-day trading on Friday . The company traded as low as C$0.56 and last traded at C$0.58. 258,140 shares changed hands during mid-day trading, a decline of 18% from the average session volume of 314,855 shares. The stock had previously closed at C$0.60.

A number of brokerages have issued reports on BXE. Canaccord Genuity cut their target price on shares of Bellatrix Exploration from C$1.25 to C$0.75 in a report on Thursday, January 10th. Raymond James reissued an “underperform” rating and issued a C$0.75 target price on shares of Bellatrix Exploration in a report on Wednesday, January 16th. Finally, National Bank Financial cut their target price on shares of Bellatrix Exploration from C$1.50 to C$1.20 and set a “sector perform” rating on the stock in a report on Monday, December 10th.

The firm has a market cap of $37.06 million and a price-to-earnings ratio of -0.44. The company has a debt-to-equity ratio of 55.39, a current ratio of 0.72 and a quick ratio of 0.60.

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Bellatrix Exploration Company Profile (TSE:BXE)

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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