Bellatrix Exploration Ltd (BXE) Receives Average Recommendation of “Hold” from Brokerages
Shares of Bellatrix Exploration Ltd (TSE:BXE) (NYSE:BXE) have earned an average rating of “Hold” from the seven brokerages that are presently covering the stock, Marketbeat.com reports. Six analysts have rated the stock with a hold rating. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is C$1.34.
BXE has been the topic of a number of recent research reports. Canaccord Genuity downgraded shares of Bellatrix Exploration from a “speculative buy” rating to a “hold” rating in a research note on Tuesday, July 11th. National Bank Financial downgraded shares of Bellatrix Exploration to a “sector perform” rating in a research note on Friday, June 23rd.
In related news, Director John Cuthbertson purchased 100,000 shares of the business’s stock in a transaction dated Monday, July 10th. The shares were purchased at an average cost of C$0.74 per share, for a total transaction of C$74,000.00. Also, Director Thomas Edward Macinnis purchased 10,000 shares of the business’s stock in a transaction dated Monday, July 17th. The stock was bought at an average price of C$3.03 per share, for a total transaction of C$30,300.00. In the last three months, insiders bought 140,200 shares of company stock worth $127,414.
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Shares of Bellatrix Exploration (TSE BXE) opened at 3.56 on Friday. The firm has a 50-day moving average of $3.07 and a 200-day moving average of $4.10. Bellatrix Exploration has a one year low of $0.73 and a one year high of $6.95. The company’s market cap is $175.79 million.
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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