AltaCorp Capital downgraded shares of Bellatrix Exploration Ltd (TSE:BXE) (NYSE:BXE) from an outperform rating to a sector perform rating in a report issued on Friday morning.

A number of other research firms have also issued reports on BXE. TD Securities lowered their price target on Bellatrix Exploration from C$4.25 to C$4.00 and set a hold rating on the stock in a report on Friday. Eight Capital lowered their price objective on Bellatrix Exploration from C$4.50 to C$4.00 in a report on Monday. Finally, Raymond James Financial, Inc. lowered their price objective on Bellatrix Exploration from C$4.00 to C$3.75 in a report on Tuesday, October 24th. Seven equities research analysts have rated the stock with a hold rating, Bellatrix Exploration has a consensus rating of Hold and a consensus price target of C$2.61.

Bellatrix Exploration (TSE BXE) traded down C$0.19 during midday trading on Friday, hitting C$2.95. The company had a trading volume of 229,438 shares, compared to its average volume of 106,283. Bellatrix Exploration has a 52-week low of C$2.77 and a 52-week high of C$6.95.

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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.

Analyst Recommendations for Bellatrix Exploration (TSE:BXE)

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