Zacks Investment Research Upgrades Bellatrix Exploration (BXE) to “Hold”
Bellatrix Exploration (NYSE:BXE) (TSE:BXE) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.
According to Zacks, “Bellatrix Exploration Ltd. is an oil and gas 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. Bellatrix Exploration Ltd. is headquartered in Calgary, Canada. “
Several other equities analysts have also issued reports on the company. Raymond James reaffirmed a “sell” rating on shares of Bellatrix Exploration in a report on Wednesday, January 16th. Scotiabank reaffirmed an “average” rating and set a $0.25 price objective on shares of Bellatrix Exploration in a report on Thursday, December 20th. Finally, ValuEngine raised Bellatrix Exploration from a “sell” rating to a “hold” rating in a report on Thursday, November 1st. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $0.38.
Bellatrix Exploration Company Profile
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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