Bellatrix Exploration Ltd (BXE) Receives Consensus Rating of “Hold” from Brokerages
Bellatrix Exploration Ltd (TSE:BXE) (NYSE:BXE) has received an average recommendation of “Hold” from the ten brokerages that are covering the firm. Four analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is C$1.72.
BXE has been the subject of a number of recent analyst reports. CIBC lowered their target price on shares of Bellatrix Exploration from C$1.65 to C$1.45 in a research note on Wednesday, October 19th. Scotiabank reissued a “sector perform” rating and set a C$1.50 price target on shares of Bellatrix Exploration in a research report on Thursday, September 15th. CSFB raised their price target on shares of Bellatrix Exploration from C$1.00 to C$1.25 and gave the stock a “neutral” rating in a research report on Tuesday, September 20th. TD Securities lowered shares of Bellatrix Exploration from a “buy” rating to a “hold” rating in a research report on Thursday, August 11th. Finally, AltaCorp Capital reduced 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 report on Thursday, August 11th.
Shares of Bellatrix Exploration (TSE:BXE) remained flat at $1.06 during trading on Wednesday. The company’s stock had a trading volume of 2,768,714 shares. The firm has a 50 day moving average of $1.14 and a 200-day moving average of $1.21. Bellatrix Exploration has a 52 week low of $0.97 and a 52 week high of $2.39. The company’s market capitalization is $261.04 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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