Raymond James Financial Lowers Bellatrix Exploration (BXE) Price Target to C$1.50

Bellatrix Exploration (TSE:BXE) (NYSE:BXE) had its price objective lowered by Raymond James Financial from C$1.75 to C$1.50 in a research note released on Monday morning.

Several other brokerages have also commented on BXE. TD Securities decreased their price objective on shares of Bellatrix Exploration from C$4.25 to C$4.00 and set a hold rating on the stock in a report on Friday, November 10th. Eight Capital decreased their price objective on shares of Bellatrix Exploration from C$4.50 to C$4.00 in a report on Monday, November 13th. AltaCorp Capital lowered shares of Bellatrix Exploration from an outperform rating to a sector perform rating in a report on Friday, November 10th. National Bank Financial decreased their price objective on shares of Bellatrix Exploration from C$4.00 to C$2.75 and set a sector perform rating on the stock in a report on Tuesday, January 9th. Finally, BMO Capital Markets set a C$1.90 price objective on shares of Bellatrix Exploration and gave the stock an underperform rating in a report on Thursday, January 11th. One equities research analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of C$2.16.

Shares of Bellatrix Exploration (BXE) opened at C$1.36 on Monday. Bellatrix Exploration has a one year low of C$1.36 and a one year high of C$5.70. The firm has a market cap of $68.64, a P/E ratio of -0.88 and a beta of 0.70.

Bellatrix Exploration (TSE:BXE) (NYSE:BXE) last posted its quarterly earnings results on Thursday, November 9th. The company reported C($0.24) earnings per share for the quarter, meeting the consensus estimate of C($0.24). Bellatrix Exploration had a negative net margin of 49.98% and a negative return on equity of 11.12%. The business had revenue of C$60.79 million during the quarter, compared to analysts’ expectations of C$64.90 million.

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Bellatrix Exploration Company Profile

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.

Analyst Recommendations for Bellatrix Exploration (TSE:BXE)

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