Bellatrix Exploration Ltd (BXE) Rating Reiterated by TD Securities
Bellatrix Exploration Ltd (TSE:BXE)‘s stock had its “hold” rating reiterated by equities research analysts at TD Securities in a research note issued to investors on Tuesday. They presently have a C$1.50 price target on the stock. TD Securities’ price target suggests a potential upside of 36.36% from the company’s previous close.
A number of other equities research analysts have also recently weighed in on the stock. Scotiabank restated a “sector perform” rating and set a C$1.50 price objective on shares of Bellatrix Exploration in a research note on Thursday, September 15th. Dundee Securities cut their price objective on shares of 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. CIBC cut their price objective on shares of Bellatrix Exploration from C$2.00 to C$1.65 in a research note on Wednesday, August 10th. AltaCorp Capital cut their price objective on shares of Bellatrix Exploration from C$2.00 to C$1.60 and set an “overweight” rating on the stock in a research note on Thursday, August 11th. Finally, CSFB lifted their price objective on shares of Bellatrix Exploration from C$1.00 to C$1.25 and gave the company a “neutral” rating in a research note on Tuesday. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. Bellatrix Exploration has an average rating of “Hold” and an average price target of C$1.82.
Bellatrix Exploration (TSE:BXE) traded up 8.18% during midday trading on Tuesday, hitting $1.19. 2,791,550 shares of the company’s stock traded hands. Bellatrix Exploration has a 52 week low of $0.97 and a 52 week high of $2.92. The company has a 50 day moving average of $1.06 and a 200-day moving average of $1.29. The company’s market capitalization is $282.64 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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