Bellatrix Exploration’s (BXE) Hold Rating Reaffirmed at TD Securities
Bellatrix Exploration Ltd (TSE:BXE)‘s stock had its “hold” rating reaffirmed by TD Securities in a report issued on Tuesday. They presently have a C$1.50 target price on the stock. TD Securities’ price objective indicates a potential upside of 36.36% from the stock’s previous close.
Several other equities research analysts have also issued reports on the stock. CSFB lifted their price target 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. Scotiabank reiterated a “sector perform” rating and issued a C$2.00 price target on shares of Bellatrix Exploration in a research note on Friday, July 8th. Dundee Securities lifted their price target on shares of Bellatrix Exploration from C$2.75 to C$3.00 in a research note on Friday, July 8th. AltaCorp Capital lowered their price target 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, CIBC lowered their price target on shares of Bellatrix Exploration from C$2.00 to C$1.65 in a research note on Wednesday, August 10th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently 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% on Tuesday, hitting $1.20. 2,466,250 shares of the stock were exchanged. Bellatrix Exploration has a one year low of $0.97 and a one year high of $2.92. The firm’s market capitalization is $285.01 million. The company has a 50-day moving average price of $1.06 and a 200-day moving average price of $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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