Bellatrix Exploration Ltd (BXE) Stock Rating Reaffirmed by Scotiabank
Bellatrix Exploration Ltd (TSE:BXE)‘s stock had its “sector perform” rating restated by investment analysts at Scotiabank in a research note issued to investors on Thursday. They presently have a C$1.40 price objective on the stock. Scotiabank’s price target points to a potential upside of 35.92% from the stock’s current price.
Other research analysts have also issued reports about the stock. AltaCorp Capital dropped their price target on shares of Bellatrix Exploration from C$2.00 to C$1.60 and set an “overweight” rating on the stock in a research note on Thursday, August 11th. CIBC dropped their price target on shares of Bellatrix Exploration from C$2.00 to C$1.65 in a research note on Wednesday, August 10th. TD Securities lowered shares of Bellatrix Exploration from a “buy” rating to a “hold” rating in a research note on Thursday, August 11th. Finally, CSFB dropped their price target on shares of Bellatrix Exploration from C$1.50 to C$1.00 in a research note on Friday, August 12th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of C$1.72.
Bellatrix Exploration (TSE:BXE) opened at 1.03 on Thursday. The stock’s market capitalization is $238.74 million. Bellatrix Exploration has a 1-year low of $0.97 and a 1-year high of $2.47. The firm has a 50-day moving average of $1.17 and a 200-day moving average of $1.23.
About Bellatrix Exploration
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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