Analyst Rating Update on Bellatrix Exploration Ltd (BXE)

Bellatrix Exploration Ltd (NYSE:BXE) : Zacks Investment Research ranks Bellatrix Exploration Ltd (NYSE:BXE) as 3, which is a Hold recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 3 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 5 research analysts is 2.2, which indicates as a Buy.

Bellatrix Exploration Ltd (NYSE:BXE) : Average target price received by Bellatrix Exploration Ltd (NYSE:BXE) is $1.79 with an expected standard deviation of $0.78. The most aggressive target on the stock is $3, whereas the most downbeat target is $1. 5 financial analysts are currently covering the stock.

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

Bellatrix Exploration Ltd (NYSE:BXE): On Tuesdays trading session , Opening price of the stock was $1.03 with an intraday high of $1.04. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $0.93. However, the stock managed to close at $0.9803, a loss of 1.97% for the day. On the previous day, the stock had closed at $1. The total traded volume of the day was 1,563,544 shares.

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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