Zacks Investment Research cut shares of Bellatrix Exploration (NYSE:BXE) (TSE:BXE) from a buy rating to a sell rating in a research note published on Wednesday.
According to Zacks, “Bellatrix Exploration Ltd. is an oil and gas 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. Bellatrix Exploration Ltd. is headquartered in Calgary, Canada. “
Several other brokerages have also recently weighed in on BXE. ValuEngine cut shares of Bellatrix Exploration from a hold rating to a sell rating in a research report on Tuesday, September 4th. National Bank Financial raised shares of Bellatrix Exploration from an underperform rating to a $0.94 rating in a research report on Wednesday, July 18th. Finally, Raymond James reaffirmed a sell rating on shares of Bellatrix Exploration in a research report on Friday, November 2nd. Five investment analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the stock. Bellatrix Exploration has an average rating of Sell and an average target price of $2.05.
Bellatrix Exploration Company Profile
Bellatrix Exploration Ltd., an oil and gas company, engages in the acquisition, exploration, development, and production of oil and natural gas reserves in the provinces of Alberta, British Columbia, and Saskatchewan in Canada. It primarily focuses on developing its two core resource plays, the Cardium and the Spirit River in Western Canada.
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