Bellatrix Exploration Ltd (BXE) PT Raised to C$1.25
Bellatrix Exploration Ltd (TSE:BXE) had its target price hoisted by stock analysts at CSFB from C$1.00 to C$1.25 in a research report issued to clients and investors on Tuesday. The firm presently has a “neutral” rating on the stock. CSFB’s target price points to a potential upside of 13.64% from the stock’s previous close.
BXE has been the topic of several other research reports. 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. TD Securities reissued a “buy” rating and issued a C$2.25 target price on shares of Bellatrix Exploration in a research note on Wednesday, July 20th. Scotiabank reissued a “sector perform” rating and issued a C$2.00 target price on shares of Bellatrix Exploration in a research note on Monday, June 20th. CIBC cut their target price on Bellatrix Exploration from C$2.00 to C$1.65 in a research note on Wednesday, August 10th. Finally, Dundee Securities cut their target price on Bellatrix Exploration from C$3.00 to C$2.85 and set a “buy” rating on the stock in a research note on Thursday, June 16th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of C$1.82.
Shares of Bellatrix Exploration (TSE:BXE) traded up 8.18% during midday trading on Tuesday, hitting $1.19. The company had a trading volume of 2,791,550 shares. Bellatrix Exploration has a 12-month low of $0.97 and a 12-month high of $2.92. The firm’s market capitalization is $282.64 million. The firm’s 50-day moving average is $1.06 and its 200-day moving average is $1.29.
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About Bellatrix Exploration
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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