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A statement released earlier today by Scotia Capital about Bellatrix Exploration Ltd (TSE:BXE) ups the target price to $5.00

Having a price of $3.10, Bellatrix Exploration Ltd (TSE:BXE) traded -3.49% lower on the day. With the last stock price down -33.10% from the two hundred day average, compared with the Standard & Poor's 500 Index which has increased 0.05% over the same period. BXE has recorded a 50-day average of $3.14 and a two hundred day average of $4.54. Trade Volume was down over the average, with 87,498 shares of BXE changing hands under the typical 94,981

Reporting a potential upside of 0.61%, Scotia Capital upped the price target of Bellatrix Exploration Ltd (TSE:BXE) to $5.00

Recent Performance Chart

Bellatrix Exploration Ltd (TSE:BXE)

Bellatrix Exploration Ltd has with a one year low of $0.73 and a one year high of $6.95 and has a market capitalization of $0.

A total of 12 brokerages have issued a ratings update on Bellatrix Exploration Ltd. zero brokerages rating the company a strong buy, three brokerages rating the company a buy, eight brokerages rating the company a hold, one brokerage rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $1.10.

General Company Details For Bellatrix Exploration Ltd (TSE:BXE)

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. Ferrier is located over 30 kilometers northwest of Rocky Mountain House, Alberta. The Ferrier and Alder Flats areas produce natural gas and natural gas liquids from the Belly River, Cardium, Notikewin, Falher and Rock Creek zones at depths ranging from 1,800 to 2,700 meters. The Willesden Green area is located approximately 40 kilometers north of Rocky Mountain House, Alberta. Pembina is located over 20 kilometers west of Drayton Valley, Alberta. Strachan is located approximately 10 kilometers south of Rocky Mountain House, Alberta. Harmattan is located approximately 80 kilometers northwest of Calgary near the town of Sundre, Alberta.

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