Bellatrix Exploration (BXE) Cut to “Sell” at Zacks Investment Research
Bellatrix Exploration (NYSE:BXE) (TSE:BXE) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Tuesday.
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. “
A number of other research analysts have also weighed in on the company. ValuEngine raised Bellatrix Exploration from a “sell” rating to a “hold” rating in a report on Thursday, November 1st. Raymond James reiterated a “sell” rating on shares of Bellatrix Exploration in a research report on Friday, November 2nd. Five analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the company. Bellatrix Exploration presently has an average rating of “Sell” and a consensus price target of $2.05.
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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