Analyst Price Target Update on Bellatrix Exploration Ltd (NYSE:BXE)

Bellatrix Exploration Ltd (NYSE:BXE): The mean short term price target for Bellatrix Exploration Ltd (NYSE:BXE) has been established at $1.8 per share. The higher price target estimate is at $3 and the lower price target estimate is expected at $1 according to 5 Analyst. The stock price is expected to vary based on the estimate which is suggested by the standard deviation value of $0.77

Company shares have received an average consensus rating of Hold for the current week

Bellatrix Exploration Ltd (NYSE:BXE) : On Monday heightened volatility was witnessed in Bellatrix Exploration Ltd (NYSE:BXE) which led to swings in the share price. The stock opened for trading at $1.13 and hit $1.27 on the upside , eventually ending the session at $1.2, with a gain of 3% or 0.035 points. The heightened volatility saw the trading volume jump to 875,123 shares. The 52-week high of the share price is $2.81 and the company has a market cap of $230 million. The 52-week low of the share price is at $0.75 .

Bellatrix Exploration Ltd. is an intermediate energy producer focused on exploration and development of light oil and liquids-rich natural gas opportunities in the Western Canada Sedimentary Basin. The Company develops its two core resource plays, the Cardium and the Notikewin/Falher intervals in Western Canada. The Company has a joint venture (the Daewoo and Devonian Partnership) with Daewoo International Corporation (Daewoo) and Devonian Natural Resources Private Equity Fund (Devonian) in the Baptiste area of West-Central 3 Alberta. The Company also has a joint venture (the Troika Joint Venture) with TCA Energy Ltd. (TCA) in the Ferrier Cardium area of West-Central Alberta.

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