Bellatrix Exploration Ltd (TSE:BXE) (NYSE:BXE)’s share price reached a new 52-week low on Monday . The stock traded as low as C$2.39 and last traded at C$2.48, with a volume of 112103 shares changing hands. The stock had previously closed at C$2.48.

Several equities analysts have weighed in on the company. Raymond James Financial, Inc. cut their target price on Bellatrix Exploration from C$4.00 to C$3.75 in a research note on Tuesday, October 24th. AltaCorp Capital lowered Bellatrix Exploration from an “outperform” rating to a “sector perform” rating in a research note on Friday, November 10th. Eight Capital cut their target price on Bellatrix Exploration from C$4.50 to C$4.00 in a research note on Monday, November 13th. Finally, TD Securities cut their target price on Bellatrix Exploration from C$4.25 to C$4.00 and set a “hold” rating on the stock in a research note on Friday, November 10th. Seven equities research analysts have rated the stock with a hold rating, Bellatrix Exploration has an average rating of “Hold” and an average price target of C$2.61.

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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.

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