TD Securities Reiterates Hold Rating for Bellatrix Exploration Ltd (BXE)
Bellatrix Exploration Ltd (TSE:BXE)‘s stock had its “hold” rating restated by research analysts at TD Securities in a research report issued to clients and investors on Thursday. They currently have a C$1.25 target price on the stock. TD Securities’ price target points to a potential upside of 21.36% from the stock’s current price.
Several other equities analysts have also issued reports on BXE. CSFB dropped their price target on Bellatrix Exploration from C$1.50 to C$1.00 in a research note on Friday, August 12th. Scotiabank reissued a “sector perform” rating and issued a C$1.40 price target on shares of Bellatrix Exploration in a research note on Thursday. AltaCorp Capital dropped their price target on 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. Finally, CIBC dropped their price target on Bellatrix Exploration from C$2.00 to C$1.65 in a research note on Wednesday, August 10th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Bellatrix Exploration presently has an average rating of “Hold” and an average price target of C$1.72.
Shares of Bellatrix Exploration (TSE:BXE) opened at 1.03 on Thursday. The firm’s 50-day moving average price is $1.17 and its 200 day moving average price is $1.23. The firm’s market cap is $238.74 million. Bellatrix Exploration has a one year low of $0.97 and a one year high of $2.47.
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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