Bellatrix Exploration Ltd (BXE) Receives Average Recommendation of “Hold” from Analysts
Shares of Bellatrix Exploration Ltd (TSE:BXE) (NYSE:BXE) have been given a consensus rating of “Hold” by the seven ratings firms that are currently covering the firm, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$1.34.
A number of equities analysts recently issued reports on BXE shares. National Bank Financial lowered Bellatrix Exploration to a “sector perform” rating in a report on Friday, June 23rd. Canaccord Genuity lowered Bellatrix Exploration from a “speculative buy” rating to a “hold” rating in a report on Tuesday, July 11th. CSFB reissued a “neutral” rating and issued a C$1.00 price objective on shares of Bellatrix Exploration in a report on Monday, May 15th. Finally, TD Securities increased their price objective on Bellatrix Exploration from C$1.25 to C$1.35 and gave the stock a “hold” rating in a report on Thursday, May 11th.
Bellatrix Exploration (TSE BXE) opened at 3.04 on Friday. Bellatrix Exploration has a 52 week low of $0.72 and a 52 week high of $3.90. The stock’s market capitalization is $149.92 million. The firm has a 50 day moving average price of $2.79 and a 200 day moving average price of $1.44.
In other Bellatrix Exploration news, Director Thomas Edward Macinnis bought 10,000 shares of the stock in a transaction on Monday, July 17th. The shares were purchased at an average cost of C$3.03 per share, with a total value of C$30,300.00. Also, Director John Cuthbertson bought 100,000 shares of the stock in a transaction on Monday, July 10th. The shares were acquired at an average cost of C$0.74 per share, for a total transaction of C$74,000.00. Insiders bought 365,600 shares of company stock worth $161,010 over the last ninety days.
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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