Shares of Bellatrix Exploration Ltd (TSE:BXE) (NYSE:BXE) rose 0.5% during mid-day trading on Monday . The stock traded as high as C$1.91 and last traded at C$1.87. Approximately 238,511 shares changed hands during mid-day trading, an increase of 96% from the average daily volume of 121,570 shares. The stock had previously closed at C$1.88.

BXE has been the subject of several recent research reports. AltaCorp Capital downgraded Bellatrix Exploration from an “outperform” rating to a “sector perform” rating in a report on Friday, November 10th. TD Securities lowered their price target on Bellatrix Exploration from C$4.25 to C$4.00 and set a “hold” rating for the company in a report on Friday, November 10th. Eight Capital lowered their price target on Bellatrix Exploration from C$4.50 to C$4.00 in a report on Monday, November 13th. Finally, Raymond James Financial lowered their price target 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, The stock presently has an average rating of “Hold” and an average price target of C$2.48.

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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.

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