Bellatrix Exploration Gets a Sell Rating from BMO Capital

By Carrie Williams

Bellatrix Exploration (TSX: BXE), the Materials sector company, has received a rating update from a Wall Street analyst yesterday. BMO Capital’s analyst Joe Levesque reiterates their Sell rating on the shares, with a C$1.90 price target.

According to, Levesque is a 3-star analyst with an average return of 5.4% and a 57.6% success rate. Levesque covers the Basic Materials sector, focusing on stocks such as Painted Pony Petroleum Ltd, Athabasca Oil Corporation, and Advantage Oil & Gas Ltd.

Bellatrix Exploration has an analyst consensus of Hold, with a price target consensus of C$2.73.

Bellatrix Exploration’s market cap is currently C$94.81M and has a P/E ratio of 0.

Bellatrix Exploration Ltd. engages 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 was founded on November 1, 2009 and is headquartered in Calgary, Canada.

The company’s shares closed on Thursday at C$1.92, close to its 52-week low of C$1.85.