Bellatrix Exploration (BXE), the Materials sector company, was revisited by a Wall Street analyst today. The company received a Sell rating from AltaCorp Captial’s analyst Thomas Matthews, with a C$2.50 price target.
According to TipRanks.com, Matthews is a 2-star analyst with an average return of 0.7% and a 37.0% success rate. Matthews covers the Basic Materials sector, focusing on stocks such as Crescent Point Energy, Bellatrix Exploration, and Bonterra Energy Corp.
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Bellatrix Exploration has an analyst consensus of Moderate Sell, with a price target consensus of C$0.28.
Based on Bellatrix Exploration’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of C$19.11 million. In comparison, last year the company had a GAAP net loss of C$12.9 million.
The company’s shares closed on Thursday at C$0.17, close to its 52-week low of C$0.16.
