AltaCorp Capital Lowers Bellatrix Exploration Ltd (BXE) to Sector Perform
BXE has been the topic of several other reports. TD Securities decreased their price objective on Bellatrix Exploration from C$4.25 to C$4.00 and set a hold rating on the stock in a report on Friday. Raymond James Financial, Inc. decreased their price objective on Bellatrix Exploration from C$4.00 to C$3.75 in a report on Tuesday, October 24th. Finally, Eight Capital decreased their price target on Bellatrix Exploration from C$4.50 to C$4.00 in a report on Monday. Seven research analysts have rated the stock with a hold rating, The company presently has a consensus rating of Hold and a consensus target price of C$2.61.
Shares of Bellatrix Exploration (BXE) traded down C$0.19 on Friday, hitting C$2.95. The stock had a trading volume of 229,438 shares, compared to its average volume of 106,283. Bellatrix Exploration has a twelve month low of C$2.77 and a twelve month high of C$6.95.
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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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