Bellatrix Exploration Ltd (TSE:BXE) (NYSE:BXE) shares hit a new 52-week low on Friday . The stock traded as low as C$1.82 and last traded at C$1.85, with a volume of 372126 shares. The stock had previously closed at C$1.92.

Several research analysts have recently weighed in on the company. BMO Capital Markets set a C$1.90 target price on Bellatrix Exploration and gave the stock an “underperform” rating in a report on Thursday. Raymond James Financial lowered their target price on Bellatrix Exploration from C$4.00 to C$3.75 in a report on Tuesday, October 24th. National Bank Financial reduced their price target on shares of Bellatrix Exploration from C$4.00 to C$2.75 and set a “sector perform” rating on the stock in a research report on Tuesday. Eight Capital reduced their price target on shares of Bellatrix Exploration from C$4.50 to C$4.00 in a research report on Monday, November 13th. Finally, TD Securities reduced their price target on shares of Bellatrix Exploration from C$4.25 to C$4.00 and set a “hold” rating on the stock in a research report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. The stock has an average rating of “Hold” and a consensus target price of C$2.44.

The stock has a market cap of $94.81, a PE ratio of -1.24 and a beta of 1.14.

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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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