Cormark Comments on Bellatrix Exploration Ltd’s Q1 2017 Earnings (BXE)
Bellatrix Exploration Ltd (TSE:BXE) (NYSE:BXE) – Analysts at Cormark decreased their Q1 2017 earnings per share estimates for Bellatrix Exploration in a research report issued on Thursday. Cormark analyst G. Ursu now expects that the brokerage will post earnings of ($0.04) per share for the quarter, down from their previous forecast of ($0.03). Cormark also issued estimates for Bellatrix Exploration’s Q2 2017 earnings at ($0.04) EPS, Q3 2017 earnings at ($0.03) EPS, Q4 2017 earnings at ($0.02) EPS, FY2017 earnings at ($0.13) EPS, Q2 2018 earnings at ($0.04) EPS and FY2018 earnings at ($0.14) EPS.
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A number of other equities analysts have also weighed in on BXE. TD Securities reaffirmed a “hold” rating and set a C$1.25 target price on shares of Bellatrix Exploration in a research report on Tuesday, December 6th. Scotiabank reaffirmed a “sector perform” rating and set a C$1.40 target price on shares of Bellatrix Exploration in a research report on Tuesday, December 6th. Canaccord Genuity raised Bellatrix Exploration from a “hold” rating to a “speculatie buy” rating and lowered their target price for the stock from C$1.60 to C$1.50 in a research report on Wednesday, March 8th. Finally, Raymond James Financial, Inc. set a C$1.50 target price on Bellatrix Exploration and gave the stock a “market perform” rating in a research report on Thursday, March 16th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Bellatrix Exploration has an average rating of “Hold” and a consensus target price of C$1.64.
Shares of Bellatrix Exploration (TSE:BXE) opened at 1.00 on Monday. The firm’s 50-day moving average price is $1.04 and its 200 day moving average price is $1.14. Bellatrix Exploration has a one year low of $0.96 and a one year high of $1.68. The firm’s market cap is $246.27 million.
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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