In a latest note to investors, a research analyst has provided a rating update for the Materials sector company, Bellatrix Exploration (BXE). Raymond James’ analyst Jeremy Mccrea reiterates their Sell rating on the shares today.
According to TipRanks.com, Mccrea has currently no stars on a ranking scale of 0-5 stars, with an average return of -11.2% and a 22.3% success rate. Mccrea covers the Basic Materials sector, focusing on stocks such as Painted Pony Petroleum Ltd, Tamarack Valley Energy Ltd, and Freehold Royalties Ltd.
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Currently, the analyst consensus on Bellatrix Exploration is a Moderate Sell with an average price target of C$2.42.
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$34.77 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 Friday at C$0.56, equals to its 52-week low of C$0.56.
