Brokerages Set Bellatrix Exploration Ltd (BXE) Price Target at $2.26
Bellatrix Exploration Ltd (TSE:BXE) (NYSE:BXE) has been assigned a consensus rating of “Hold” from the nine brokerages that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is C$2.11.
Several equities research analysts recently issued reports on BXE shares. Raymond James Financial cut their price objective on shares of Bellatrix Exploration from C$1.75 to C$1.50 in a research report on Monday, February 5th. AltaCorp Capital lowered shares of Bellatrix Exploration from a “sector perform” rating to an “underperform” rating in a research note on Friday. TD Securities lowered their target price on shares of Bellatrix Exploration from C$4.00 to C$3.25 and set a “hold” rating for the company in a research note on Friday, December 15th. BMO Capital Markets set a C$1.90 target price on shares of Bellatrix Exploration and gave the stock an “underperform” rating in a research note on Thursday, January 11th. Finally, National Bank Financial lowered their target price on shares of Bellatrix Exploration from C$4.00 to C$2.75 and set a “sector perform” rating for the company in a research note on Tuesday, January 9th.
Bellatrix Exploration (BXE) remained flat at $C$1.51 during trading on Wednesday. The stock had a trading volume of 144,241 shares, compared to its average volume of 328,040. Bellatrix Exploration has a 52-week low of C$1.24 and a 52-week high of C$5.70. The stock has a market capitalization of $74.56, a price-to-earnings ratio of -0.97 and a beta of 0.61.
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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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