Today, an analyst has provided a rating update for the Materials sector company, Bellatrix Exploration (BXE). The company received a Sell rating from Raymond James’ analyst Jeremy Mccrea, with a C$0.25 price target.
According to TipRanks.com, Mccrea has currently no stars on a ranking scale of 0-5 stars, with an average return of -6.9% and a 33.7% success rate. Mccrea covers the Basic Materials sector, focusing on stocks such as Tamarack Valley Energy Ltd, Painted Pony Petroleum Ltd, and Freehold Royalties Ltd.
Bellatrix Exploration has an analyst consensus of Moderate Sell, with a price target consensus of C$0.25.
Based on Bellatrix Exploration’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of C$89.79 million. In comparison, last year the company had a GAAP net loss of C$12.9 million.
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 Thursday at C$0.23, close to its 52-week low of C$0.22.
