National Bank Financial reaffirmed their sector perform rating on shares of Bellatrix Exploration (TSE:BXE) (NYSE:BXE) in a research note released on Thursday, June 6th, BayStreet.CA reports. National Bank Financial currently has a C$0.25 price target on the stock.
A number of other brokerages also recently weighed in on BXE. TD Securities dropped their target price on shares of Bellatrix Exploration from C$0.90 to C$0.75 and set a hold rating for the company in a research note on Monday, March 18th. Raymond James dropped their price target on shares of Bellatrix Exploration from C$0.75 to C$0.25 and set an underperform rating for the company in a research note on Friday, March 15th. Canaccord Genuity dropped their price target on shares of Bellatrix Exploration from C$0.75 to C$0.70 in a research note on Friday, March 15th. Finally, Zacks Investment Research raised shares of Bellatrix Exploration from a sell rating to a hold rating in a research note on Tuesday, February 12th. Two analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The company has an average rating of Hold and a consensus price target of C$0.51.
Shares of Bellatrix Exploration stock opened at C$0.90 on Thursday. The company has a debt-to-equity ratio of 78.31, a quick ratio of 0.28 and a current ratio of 0.31. The company’s 50-day simple moving average is C$0.60. Bellatrix Exploration has a twelve month low of C$0.89 and a twelve month high of C$19.20. The firm has a market cap of $37.59 million and a price-to-earnings ratio of -0.03.
About Bellatrix Exploration
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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