Bellatrix Exploration Stock Rating Reaffirmed by National Bank Financial (BXE)
Bellatrix Exploration (TSE:BXE)‘s stock had its “outperform” rating reiterated by analysts at National Bank Financial in a research report issued to clients and investors on Friday. They currently have a C$13.00 price objective on the stock. National Bank Financial’s target price points to a potential upside of 34.72% from the company’s current price.
BXE has been the subject of a number of other recent research reports. Analysts at Scotiabank cut their price target on shares of Bellatrix Exploration from C$13.50 to C$12.50 in a research note on Friday. They now have an “outperform” rating on the stock. Separately, analysts at CIBC cut their price target on shares of Bellatrix Exploration from C$12.25 to C$12.00 in a research note on Friday. They now have an “outperform” rating on the stock. Finally, analysts at BMO Capital Markets cut their price target on shares of Bellatrix Exploration from C$14.50 to C$13.50 in a research note on Wednesday, May 28th. They now have an “outperform” rating on the stock. Five research analysts have rated the stock with a buy rating, Bellatrix Exploration currently has an average rating of “Buy” and an average price target of C$12.75.
Shares of Bellatrix Exploration (TSE:BXE) traded down 1.76% during mid-day trading on Friday, hitting $9.48. 1,490,274 shares of the company’s stock traded hands. Bellatrix Exploration has a 52-week low of $5.12 and a 52-week high of $11.65. The stock has a 50-day moving average of $10.25 and a 200-day moving average of $8.72. The company has a market cap of $1.640 billion and a P/E ratio of 13.22.
Bellatrix Exploration (TSE:BXE) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.14 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.17 by $0.03. On average, analysts predict that Bellatrix Exploration will post $0.68 earnings per share for the current fiscal year.
Bellatrix Exploration Ltd. (TSE:BXE) is a Canada-based oil and gas company.
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