Bellatrix Exploration Ltd (TSE:BXE) Expected to Earn FY2019 Earnings of ($0.58) Per Share
Bellatrix Exploration Ltd (TSE:BXE) (NYSE:BXE) – Investment analysts at Cormark issued their FY2019 earnings per share (EPS) estimates for Bellatrix Exploration in a research report issued to clients and investors on Friday. Cormark analyst G. Ursu anticipates that the company will earn ($0.58) per share for the year.
A number of other equities research analysts have also issued reports on the company. TD Securities upped their target price on Bellatrix Exploration from C$1.25 to C$1.35 and gave the company a “hold” rating in a research note on Thursday, May 11th. CSFB reaffirmed a “neutral” rating and issued a C$1.00 target price on shares of Bellatrix Exploration in a research note on Monday, May 15th. Canaccord Genuity lowered Bellatrix Exploration from a “speculative buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Finally, National Bank Financial lowered Bellatrix Exploration to a “sector perform” rating in a research note on Friday, June 23rd. Six equities research analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and a consensus target price of C$1.37.
Bellatrix Exploration (BXE) opened at 3.04 on Monday. The firm’s market cap is $150.34 million. The firm has a 50-day moving average of $3.14 and a 200 day moving average of $4.54. Bellatrix Exploration has a 52-week low of $2.90 and a 52-week high of $6.95.
In related news, Director John Cuthbertson purchased 100,000 shares of Bellatrix Exploration stock in a transaction dated Monday, July 10th. The shares were acquired at an average price of C$0.74 per share, with a total value of C$74,000.00. Also, Director Thomas Edward Macinnis purchased 10,000 shares of Bellatrix Exploration stock in a transaction dated Monday, July 17th. The shares were bought at an average cost of C$3.03 per share, for a total transaction of C$30,300.00. Insiders have bought 365,600 shares of company stock valued at $161,010 over the last 90 days.
About Bellatrix Exploration
Bellatrix Exploration Ltd., an oil and gas company, engages in the acquisition, exploration, development, and production of oil and natural gas reserves in the provinces of Alberta, British Columbia, and Saskatchewan in Canada. It primarily focuses on developing its two core resource plays, the Cardium and the Notikewin/Falher intervals in Western Canada.
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