Bellatrix Exploration Ltd (TSE:BXE) Given Average Recommendation of “Hold” by Brokerages

Bellatrix Exploration Ltd (TSE:BXE) (NYSE:BXE) has earned an average recommendation of “Hold” from the seven ratings firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating and five have issued a hold rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is C$0.53.

A number of brokerages have commented on BXE. National Bank Financial cut their price objective on shares of Bellatrix Exploration from C$1.00 to C$0.75 and set a “sector perform” rating for the company in a research report on Thursday, August 8th. Canaccord Genuity cut their price objective on shares of Bellatrix Exploration from C$3.60 to C$0.75 in a research report on Tuesday, July 9th. Finally, Raymond James cut their price objective on shares of Bellatrix Exploration from C$0.75 to C$0.50 and set an “underperform” rating for the company in a research report on Friday, August 9th.

Bellatrix Exploration stock remained flat at $C$0.53 during trading hours on Thursday. 2,112 shares of the company’s stock were exchanged, compared to its average volume of 54,258. The company has a market capitalization of $21.66 million and a PE ratio of -0.04. The company has a quick ratio of 0.30, a current ratio of 0.34 and a debt-to-equity ratio of 58.35. Bellatrix Exploration has a 52 week low of C$0.51 and a 52 week high of C$19.20. The firm’s 50-day moving average is C$0.74.

Bellatrix Exploration (TSE:BXE) (NYSE:BXE) last announced its quarterly earnings data on Wednesday, May 15th. The company reported C($0.24) EPS for the quarter. The business had revenue of C$66.71 million for the quarter. Research analysts forecast that Bellatrix Exploration will post -1.4400001 EPS for the current year.

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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