TD Securities Boosts Bellatrix Exploration Ltd (BXE) Price Target to C$1.35
Bellatrix Exploration Ltd (TSE:BXE) (NYSE:BXE) had its target price hoisted by TD Securities from C$1.25 to C$1.35 in a research note issued to investors on Thursday. TD Securities currently has a hold rating on the stock.
Several other equities analysts have also recently issued reports on the company. Raymond James Financial, Inc. set a C$1.50 target price on Bellatrix Exploration and gave the stock a market perform rating in a research report on Thursday, March 16th. Canaccord Genuity upgraded Bellatrix Exploration from a hold rating to a speculatie buy rating and dropped their target price for the stock from C$1.60 to C$1.50 in a research report on Wednesday, March 8th. Finally, Scotiabank reiterated a sector perform rating and set a C$1.40 target price on shares of Bellatrix Exploration in a research report on Thursday, March 16th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of C$1.60.
Shares of Bellatrix Exploration (TSE:BXE) opened at 1.03 on Thursday. The firm’s market capitalization is $268.81 million. Bellatrix Exploration has a 12-month low of $0.96 and a 12-month high of $1.68. The company’s 50-day moving average price is $1.03 and its 200 day moving average price is $1.10.
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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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