Bellatrix Exploration Coverage Initiated by Analysts at TD Securities (BXE)
Analysts at TD Securities initiated coverage on shares of Bellatrix Exploration (TSE:BXE) in a research report issued to clients and investors on Friday, StockRatingsNetwork.com reports. The firm set a “buy” rating and a C$10.00 price target on the stock. TD Securities’ price objective indicates a potential upside of 35.50% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity raised their price target on shares of Bellatrix Exploration (TSE:BXE) from C$10.00 to C$10.50 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Separately, 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. Finally, 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 equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of C$9.33.
Shares of Bellatrix Exploration (TSE:BXE) traded up 4.20% on Friday, hitting $7.69. The stock had a trading volume of 1,087,913 shares. Bellatrix Exploration has a 1-year low of $3.41 and a 1-year high of $7.46. The stock has a 50-day moving average of $0. and a 200-day moving average of $0.. The company has a market cap of $830.0 million and a price-to-earnings ratio of 27.33.
Bellatrix Exploration Ltd. (TSE:BXE) is a Canada-based oil and gas company.
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