Bellatrix Exploration (BXE) Receives a Sell from Raymond James
Shares of Bellatrix Exploration (BXE) were revisited by a Wall Street analyst today. Analyst Jeremy Mccrea from Raymond James rated Bellatrix Exploration (BXE) a Sell, setting a C$0.25 price target.
According to TipRanks.com, Mccrea ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -14.5% and a 31.3% success rate. Mccrea covers the Basic Materials sector, focusing on stocks such as Tamarack Valley Energy Ltd, Freehold Royalties Ltd, and Bellatrix Exploration.
Currently, the analyst consensus on Bellatrix Exploration is a Moderate Sell with an average price target of C$0.40, implying a -29.8% downside from current levels. In a report released today, Scotiabank also reiterated a Sell rating on the stock with a C$0.25 price target.
The company has a one-year high of C$2.17 and a one-year low of C$0.48. Currently, Bellatrix Exploration has an average volume of 328.3K.
Bellatrix Exploration Ltd. is an oil and gas company, which engages in the exploration, acquisition, development, and production of oil and natural gas. It focuses on the operation in west central Alberta that develops Spirit River. The company was founded on November 1, 2009 and is headquartered in Calgary, Canada.
The company’s shares closed on Friday at C$0.57, close to its 52-week low of C$0.48.