Raymond James Maintains a Sell Rating on Bellatrix Exploration (BXE)

In a latest note to investors, a research analyst has provided a rating update for the Bellatrix Exploration (BXEResearch Report). The company received a Sell today from Raymond James’ analyst Jeremy Mccrea, with a C$0.75 price target.

According to TipRanks.com, Mccrea is ranked 0 out of 5 stars with an average return of -9.7% and a 24.4% success rate. Mccrea covers the Basic Materials sector, focusing on stocks such as Painted Pony Petroleum Ltd, Tamarack Valley Energy Ltd, and Freehold Royalties Ltd.

The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Bellatrix Exploration with a C$2.50 average price target.

Based on Bellatrix Exploration’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of C$19.11 million. In comparison, last year the company had a GAAP net loss of C$34.77 million.

Bellatrix Exploration Ltd. is an oil and gas company, which engages in the exploration, acquisition, development, and production of oil and natural gas. It focuses on the operation in west central Alberta that develops Spirit River. The company was founded on November 1, 2009 and is headquartered in Calgary, Canada.

The company’s shares closed on Thursday at C$0.78, close to its 52-week low of C$0.70.