Raymond James Keeps Their Sell Rating on Bellatrix Exploration (BXE)


According to The Fly, raymond James analyst Jeremy Mccrea reiterated a Sell rating on Bellatrix Exploration (BXE) yesterday. The company’s shares opened today at $0.58, equals to its 52-week low of $0.58.

According to TipRanks.com, Mccrea has 0 stars on 0-5 star ranking scale with an average return of -20.7% and a 21.9% success rate. Mccrea covers the Basic Materials sector, focusing on stocks such as Tamarack Valley Energy Ltd, Freehold Royalties Ltd, and PrairieSky Royalty Ltd.

The the analyst consensus on Bellatrix Exploration is currently a Moderate Sell rating.

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Based on Bellatrix Exploration’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $6.8 million. In comparison, last year the company had a GAAP net loss of $17.65 million.

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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.

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