BUZZ- Bellatrix Exploration Ltd: Lowers production forecast

Wed Oct 15, 2014 11:36am EDT
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** Canadian oil and gas company's shares down 4.9 pct at C$5.29

** Company now expects 2014 average daily production of about 38,500 barrels of oil equivalents per day (boed), down from previous forecast of 41,000 boed

** Company reports Q3 average daily production about 38,000 boed, compared with its previous expectation of 40,500 boed

** Analysts at National Bank Financial cut target price to C$7.50 from C$9 but keep rating at "outperform"

** Stock has a median price of C$11.75, according to Thomson Reuters data

** Up to Tuesday's close, company's shares had fallen 33 pct in the past 12 months

** Still, analysts love the stock. Of the eight analysts covering the stock, two have a "strong buy" rating, while six rate it "buy"