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Bellatrix Exploration (NYSE:BXE)‘s stock had its “sector outperform” rating reaffirmed by CIBC in a research note issued on Thursday. They currently have a $11.50 target price on the stock, down from their previous target price of $12.00. CIBC’s target price would indicate a potential upside of 40.76% from the company’s current price.

Shares of Bellatrix Exploration (NYSE:BXE) traded down 3.06% on Thursday, hitting $7.92. 263,121 shares of the company’s stock traded hands. Bellatrix Exploration has a 1-year low of $6.32 and a 1-year high of $10.70. The stock’s 50-day moving average is $8.65 and its 200-day moving average is $8.34. The company has a market cap of $1.370 billion and a P/E ratio of 12.57. Bellatrix Exploration also was the target of a significant drop in short interest in June. As of June 30th, there was short interest totalling 261,794 shares, a drop of 20.1% from the June 13th total of 327,591 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average trading volume of 345,693 shares, the short-interest ratio is presently 0.8 days.

Bellatrix Exploration (NYSE:BXE) last announced its earnings results on Wednesday, May 7th. The company reported $0.16 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.15 by $0.01. On average, analysts predict that Bellatrix Exploration will post $0.71 earnings per share for the current fiscal year.

Separately, analysts at Northland Securities reiterated an “outperform” rating on shares of Bellatrix Exploration in a research note on Monday, July 7th. They now have a $12.00 price target on the stock.

Bellatrix Exploration Ltd. (NYSE:BXE) is a Canada-based oil and gas company.

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