Bellatrix Exploration (BXE) Lowered to “Sell” at Zacks Investment Research
Zacks Investment Research lowered shares of Bellatrix Exploration (NYSE:BXE) (TSE:BXE) from a buy rating to a sell rating in a research note issued to investors on Wednesday morning.
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. “
BXE has been the topic of a number of other research reports. Raymond James reaffirmed a sell rating on shares of Bellatrix Exploration in a research report on Friday, November 2nd. ValuEngine raised shares of Bellatrix Exploration from a sell rating to a hold rating in a research report on Thursday, November 1st. Finally, 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. Five research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. Bellatrix Exploration currently has a consensus rating of Hold and a consensus price target of $2.48.
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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