Cormark Analysts Boost Earnings Estimates for Bellatrix Exploration Ltd (BXE)
Bellatrix Exploration Ltd (TSE:BXE) – Stock analysts at Cormark increased their FY2016 earnings estimates for Bellatrix Exploration in a research report issued to clients and investors on Thursday. Cormark analyst G. Ursu now anticipates that the firm will post earnings per share of ($0.31) for the year, up from their previous estimate of ($0.34). Cormark also issued estimates for Bellatrix Exploration’s Q4 2016 earnings at ($0.06) EPS, Q1 2017 earnings at ($0.04) EPS, Q2 2017 earnings at ($0.05) EPS and FY2017 earnings at ($0.18) EPS.
Other research analysts have also recently issued research reports about the stock. AltaCorp Capital cut their price target on shares of Bellatrix Exploration from C$2.00 to C$1.60 and set an “overweight” rating for the company in a research note on Thursday, August 11th. TD Securities restated a “buy” rating and set a C$2.25 price target on shares of Bellatrix Exploration in a research note on Wednesday, July 20th. CSFB cut their price target on shares of Bellatrix Exploration from C$1.50 to C$1.00 in a research note on Friday, August 12th. CIBC cut their price target on shares of Bellatrix Exploration from C$1.65 to C$1.45 in a research note on Wednesday, October 19th. Finally, Scotiabank restated a “sector perform” rating and set a C$1.50 price target on shares of Bellatrix Exploration in a research note on Wednesday, September 21st. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Bellatrix Exploration has an average rating of “Hold” and an average price target of C$1.72.
Bellatrix Exploration (TSE:BXE) opened at 1.03 on Monday. Bellatrix Exploration has a 52 week low of $0.97 and a 52 week high of $2.47. The company’s market capitalization is $238.74 million. The firm’s 50-day moving average price is $1.17 and its 200-day moving average price is $1.23.
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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