Bellatrix Exploration Ltd (BXE) Receives C$1.34 Average PT from Analysts
Bellatrix Exploration Ltd (TSE:BXE) (NYSE:BXE) has been given a consensus rating of “Hold” by the seven ratings firms that are covering the firm, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold recommendation. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$1.34.
BXE has been the topic of a number of research analyst reports. CSFB reissued a “neutral” rating and set a C$1.00 price objective on shares of Bellatrix Exploration in a report on Monday, May 15th. National Bank Financial lowered shares of Bellatrix Exploration to a “sector perform” rating in a report on Friday, June 23rd. Finally, Canaccord Genuity lowered shares of Bellatrix Exploration from a “speculative buy” rating to a “hold” rating in a report on Tuesday, July 11th.
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In other Bellatrix Exploration news, Director John Cuthbertson bought 100,000 shares of Bellatrix Exploration stock in a transaction dated Monday, July 10th. The shares were bought at an average price of C$0.74 per share, with a total value of C$74,000.00. Also, Director Thomas Edward Macinnis bought 10,000 shares of Bellatrix Exploration stock in a transaction dated Monday, July 17th. The stock was acquired at an average cost of C$3.03 per share, for a total transaction of C$30,300.00. Insiders bought a total of 365,800 shares of company stock worth $161,624 in the last ninety days.
Shares of Bellatrix Exploration (TSE BXE) traded down 0.66% during mid-day trading on Wednesday, hitting $3.00. 99,416 shares of the stock were exchanged. The firm’s market cap is $148.13 million. Bellatrix Exploration has a 1-year low of $0.73 and a 1-year high of $6.95. The company’s 50-day moving average is $3.02 and its 200-day moving average is $4.21.
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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