Bellatrix Exploration (BXE) Earns “Underperform” Rating from Raymond James

Raymond James restated their underperform rating on shares of Bellatrix Exploration (TSE:BXE) (NYSE:BXE) in a report published on Friday. They currently have a C$1.00 price target on the stock.

A number of other equities analysts have also commented on BXE. National Bank Financial cut their price target on shares of Bellatrix Exploration from C$1.75 to C$1.50 and set a sector perform rating on the stock in a report on Friday, August 3rd. Canaccord Genuity cut their price target on shares of Bellatrix Exploration from C$1.50 to C$1.25 in a report on Friday, August 3rd. TD Securities cut their price target on shares of Bellatrix Exploration from C$1.75 to C$1.50 in a report on Friday, August 3rd. Finally, Eight Capital lowered shares of Bellatrix Exploration from a neutral rating to a sell rating and cut their price target for the stock from C$1.30 to C$0.45 in a report on Friday, August 3rd. Four research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. The stock currently has an average rating of Sell and a consensus target price of C$1.27.

Shares of TSE:BXE opened at C$1.15 on Friday. Bellatrix Exploration has a 52 week low of C$1.07 and a 52 week high of C$3.49.

Bellatrix Exploration (TSE:BXE) (NYSE:BXE) last issued its quarterly earnings results on Thursday, August 2nd. The company reported C($0.63) EPS for the quarter. 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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