Bellatrix Exploration Ltd (BXE) Price Target Increased to C$1.25 by Analysts at CSFB
Bellatrix Exploration Ltd (TSE:BXE) had its price objective increased by investment analysts at CSFB from C$1.00 to C$1.25 in a research note issued to investors on Tuesday. The firm currently has a “neutral” rating on the stock. CSFB’s price target would indicate a potential upside of 13.64% from the company’s current price.
BXE has been the subject of a number of other reports. TD Securities reiterated a “buy” rating and set a C$2.25 target price on shares of Bellatrix Exploration in a research report on Wednesday, July 20th. Dundee Securities increased their price target on Bellatrix Exploration from C$2.75 to C$3.00 in a report on Friday, July 8th. Scotiabank restated a “sector perform” rating and set a C$1.50 price target on shares of Bellatrix Exploration in a report on Thursday, September 15th. CIBC decreased their price target on Bellatrix Exploration from C$2.00 to C$1.65 in a report on Wednesday, August 10th. Finally, AltaCorp Capital decreased their price target on Bellatrix Exploration from C$2.00 to C$1.60 and set an “overweight” rating on the stock in a report on Thursday, August 11th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of C$1.82.
Shares of Bellatrix Exploration (TSE:BXE) traded up 9.09% during mid-day trading on Tuesday, hitting $1.20. 2,466,250 shares of the stock were exchanged. Bellatrix Exploration has a 12 month low of $0.97 and a 12 month high of $2.92. The stock’s 50 day moving average is $1.06 and its 200 day moving average is $1.29. The firm’s market cap is $285.01 million.
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Bellatrix Exploration Company Profile
Bellatrix Exploration Ltd. is an oil and gas exploration company engaged in the exploration for, and the acquisition, development and production of oil and natural gas reserves in the provinces of Alberta, British Columbia and Saskatchewan. The Company’s properties include Ferrier, Willesden Green, Greater Pembina, Strachan and Harmattan.
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