Bellatrix Exploration (BXE) Trading Up 3.9%
Bellatrix Exploration Ltd (TSE:BXE) (NYSE:BXE)’s share price was up 3.9% on Friday . The company traded as high as C$2.45 and last traded at C$2.39. Approximately 275,351 shares were traded during trading, an increase of 148% from the average daily volume of 111,161 shares. The stock had previously closed at C$2.30.
A number of equities analysts recently weighed in on BXE shares. TD Securities lowered their target price on shares of Bellatrix Exploration from C$4.25 to C$4.00 and set a “hold” rating for the company in a research note on Friday, November 10th. Eight Capital lowered their target price on shares of Bellatrix Exploration from C$4.50 to C$4.00 in a research note on Monday, November 13th. AltaCorp Capital downgraded shares of Bellatrix Exploration from an “outperform” rating to a “sector perform” rating in a research note on Friday, November 10th. Finally, Raymond James Financial lowered their target price on shares of Bellatrix Exploration from C$4.00 to C$3.75 in a research note on Tuesday, October 24th. Seven analysts have rated the stock with a hold rating, Bellatrix Exploration presently has a consensus rating of “Hold” and a consensus target price of C$2.61.
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About Bellatrix Exploration
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.
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