Bellatrix Exploration Ltd (BXE) Given Sector Perform Rating at Scotiabank
Bellatrix Exploration Ltd (TSE:BXE)‘s stock had its “sector perform” rating reissued by research analysts at Scotiabank in a research note issued to investors on Wednesday. They presently have a C$1.50 target price on the stock. Scotiabank’s price objective would indicate a potential upside of 25.00% from the stock’s current price.
Several other research analysts have also recently issued reports on BXE. Dundee Securities lowered their price objective on Bellatrix Exploration from C$3.00 to C$2.85 and set a “buy” rating for the company in a research report on Thursday, June 16th. TD Securities reaffirmed a “buy” rating and set a C$2.00 price objective on shares of Bellatrix Exploration in a research report on Monday, June 20th. CIBC lowered their price objective on Bellatrix Exploration from C$2.00 to C$1.65 in a research report on Wednesday, August 10th. AltaCorp Capital lowered their price objective on Bellatrix Exploration from C$2.00 to C$1.60 and set an “overweight” rating for the company in a research report on Thursday, August 11th. Finally, CSFB lowered their price objective on Bellatrix Exploration from C$1.50 to C$1.00 in a research report on Friday, August 12th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of C$1.82.
Shares of Bellatrix Exploration (TSE:BXE) opened at 1.20 on Wednesday. The firm’s market capitalization is $285.01 million. Bellatrix Exploration has a one year low of $0.97 and a one year high of $2.92. The firm has a 50-day moving average price of $1.06 and a 200 day moving average price of $1.28.
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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