Bellatrix Exploration PT Raised to C$10.50 (BXE)
Equities research analysts at Canaccord Genuity hoisted their target price on shares of Bellatrix Exploration (TSE:BXE) from C$10.00 to C$10.50 in a research note issued to investors on Wednesday, ARN reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price objective suggests a potential upside of 41.32% from the stock’s previous close.
Shares of Bellatrix Exploration (TSE:BXE) traded up 2.29% during mid-day trading on Wednesday, hitting $7.60. The stock had a trading volume of 1,438,036 shares. Bellatrix Exploration has a one year low of $3.41 and a one year high of $7.46. The stock’s 50-day moving average is $6.90 and its 200-day moving average is $6.23. The company has a market cap of $820.2 million and a P/E ratio of 27.52.
BXE has been the subject of a number of other recent research reports. Analysts at National Bank Financial raised their price target on shares of Bellatrix Exploration (TSE:BXE) from C$8.00 to C$9.00 in a research note to investors on Thursday, August 22nd. Separately, analysts at CIBC raised their price target on shares of Bellatrix Exploration (TSE:BXE) from C$8.75 to C$9.00 in a research note to investors on Friday, August 2nd. They now have a “sector perform” rating on the stock.
One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Bellatrix Exploration has a consensus rating of “Buy” and an average price target of C$9.25.
Bellatrix Exploration Ltd. (TSE:BXE) is a Canada-based oil and gas company.
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