Bellatrix Exploration (BXE) Price Target Lowered to C$2.25 at TD Securities
Bellatrix Exploration (TSE:BXE) (NYSE:BXE) had its target price dropped by stock analysts at TD Securities from C$3.00 to C$2.25 in a research note issued on Friday. The brokerage currently has a “hold” rating on the stock. TD Securities’ price objective would indicate a potential upside of 49.01% from the company’s previous close.
Other analysts have also issued research reports about the company. Raymond James Financial cut their price objective on Bellatrix Exploration from C$1.75 to C$1.50 in a research report on Monday, February 5th. National Bank Financial cut their price objective on Bellatrix Exploration from C$4.00 to C$2.75 and set a “sector perform” rating on the stock in a research report on Tuesday, January 9th. AltaCorp Capital lowered Bellatrix Exploration from an “outperform” rating to a “sector perform” rating in a research report on Friday, November 10th. Eight Capital cut their price objective on Bellatrix Exploration from C$4.50 to C$4.00 in a research report on Monday, November 13th. Finally, BMO Capital Markets set a C$1.90 price objective on Bellatrix Exploration and gave the stock an “underperform” rating in a research report on Thursday, January 11th. Two investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. Bellatrix Exploration has an average rating of “Hold” and an average price target of C$2.04.
Shares of Bellatrix Exploration (TSE BXE) opened at C$1.51 on Friday. Bellatrix Exploration has a 12-month low of C$1.24 and a 12-month high of C$5.70. The firm has a market capitalization of $74.56, a price-to-earnings ratio of -0.97 and a beta of 0.61.
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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