Bellatrix Exploration Given “Sector Outperformer” Rating at Scotiabank (BXE)
Bellatrix Exploration (NYSE:BXE)‘s stock had its “sector outperformer” rating restated by equities research analysts at Scotiabank in a research note issued to investors on Friday. They currently have a $11.00 target price on the stock, down from their previous target price of $12.50. Scotiabank’s price target suggests a potential upside of 55.81% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at CIBC reiterated a “sector outperform” rating on shares of Bellatrix Exploration in a research note on Thursday, July 17th. They now have a $11.50 price target on the stock, down previously from $12.00. 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 (NYSE:BXE) opened at 7.07 on Friday. Bellatrix Exploration has a one year low of $6.38 and a one year high of $10.70. The stock has a 50-day moving average of $8.1 and a 200-day moving average of $8.34. The company has a market cap of $1.223 billion and a price-to-earnings ratio of 11.10.
Bellatrix Exploration (NYSE:BXE) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.19 earnings per share (EPS) for the quarter. Analysts expect that Bellatrix Exploration will post $0.72 EPS for the current fiscal year.
Bellatrix Exploration Ltd. (NYSE:BXE) is a Canada-based oil and gas company.
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