Bellatrix Exploration (BXE) Hits New 12-Month Low at $2.29

Bellatrix Exploration Ltd (TSE:BXE) (NYSE:BXE)’s share price reached a new 52-week low during trading on Monday . The stock traded as low as C$2.29 and last traded at C$2.37, with a volume of 447489 shares trading hands. The stock had previously closed at C$2.30.

Several research firms have recently commented on BXE. Eight Capital decreased their target price on Bellatrix Exploration from C$4.50 to C$4.00 in a research report on Monday, November 13th. AltaCorp Capital downgraded Bellatrix Exploration from an “outperform” rating to a “sector perform” rating in a research report on Friday, November 10th. TD Securities decreased their target price on Bellatrix Exploration from C$4.25 to C$4.00 and set a “hold” rating on the stock in a research report on Friday, November 10th. Finally, Raymond James Financial decreased their target price on Bellatrix Exploration from C$4.00 to C$3.75 in a research report on Tuesday, October 24th. Seven equities research analysts have rated the stock with a hold rating, Bellatrix Exploration presently has an average rating of “Hold” and a consensus price target of C$2.61.

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Bellatrix Exploration Company Profile

Bellatrix Exploration Ltd. is an oil and gas exploration company engaged in the exploration for, and the acquisition, development and production of oil and natural gas reserves in the provinces of Alberta, British Columbia and Saskatchewan. The Company’s properties include Ferrier, Willesden Green, Greater Pembina, Strachan and Harmattan.

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