Canaccord Genuity Lowers Bellatrix Exploration Ltd (BXE) to Hold
Bellatrix Exploration Ltd (TSE:BXE) (NYSE:BXE) was downgraded by research analysts at Canaccord Genuity from a “speculative buy” rating to a “hold” rating in a research report issued on Tuesday.
A number of other equities analysts have also recently issued reports on BXE. Scotiabank reiterated a “sector perform” rating and issued a C$1.40 target price on shares of Bellatrix Exploration in a report on Thursday, March 16th. TD Securities dropped their price objective on Bellatrix Exploration from C$1.50 to C$1.45 and set a “hold” rating on the stock in a research note on Thursday, March 16th. Raymond James Financial, Inc. set a C$1.50 price objective on Bellatrix Exploration and gave the company a “market perform” rating in a research note on Thursday, March 16th. CSFB restated a “neutral” rating and set a C$1.00 price objective on shares of Bellatrix Exploration in a research note on Monday, May 15th. Finally, National Bank Financial cut Bellatrix Exploration to a “sector perform” rating in a research note on Friday, June 23rd. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Bellatrix Exploration presently has a consensus rating of “Hold” and an average price target of C$1.40.
Shares of Bellatrix Exploration (BXE) traded down 3.26% on Tuesday, reaching $2.97. 186,161 shares of the company’s stock were exchanged. The company’s 50 day moving average price is $0.87 and its 200-day moving average price is $1.04. Bellatrix Exploration has a 52-week low of $2.90 and a 52-week high of $7.15. The stock’s market cap is $146.47 million.
COPYRIGHT VIOLATION NOTICE: This piece was originally reported by American Banking News and is the property of of American Banking News. If you are reading this piece on another site, it was stolen and republished in violation of U.S. and international copyright & trademark laws. The original version of this piece can be read at https://www.americanbankingnews.com/2017/07/11/canaccord-genuity-lowers-bellatrix-exploration-ltd-bxe-to-hold.html.
In other Bellatrix Exploration news, Director John Cuthbertson bought 100,000 shares of Bellatrix Exploration stock in a transaction dated Monday, July 10th. The shares were purchased at an average cost of C$0.74 per share, with a total value of C$74,000.00. Insiders have bought 355,600 shares of company stock worth $130,710 over the last three months.
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.
Receive News & Ratings for Bellatrix Exploration Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bellatrix Exploration Ltd and related companies with MarketBeat.com's FREE daily email newsletter.