Raymond James Financial Cuts Bellatrix Exploration (BXE) Price Target to C$1.50
Bellatrix Exploration (TSE:BXE) (NYSE:BXE) had its price objective lowered by equities research analysts at Raymond James Financial from C$1.75 to C$1.50 in a research report issued to clients and investors on Monday. Raymond James Financial’s target price would suggest a potential upside of 5.63% from the stock’s previous close.
BXE has been the topic of several other reports. Eight Capital reduced their price objective on Bellatrix Exploration from C$4.50 to C$4.00 in a research note on Monday, November 13th. National Bank Financial reduced their price objective on Bellatrix Exploration from C$4.00 to C$2.75 and set a “sector perform” rating on the stock in a research note on Tuesday, January 9th. AltaCorp Capital lowered Bellatrix Exploration from an “outperform” rating to a “sector perform” rating in a research note on Friday, November 10th. BMO Capital Markets set a C$1.90 price objective on Bellatrix Exploration and gave the company an “underperform” rating in a research note on Thursday, January 11th. Finally, TD Securities reduced their price objective on Bellatrix Exploration from C$4.25 to C$4.00 and set a “hold” rating on the stock in a research note on Friday, November 10th. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. Bellatrix Exploration presently has a consensus rating of “Hold” and an average target price of C$2.16.
Shares of Bellatrix Exploration (TSE:BXE) opened at C$1.42 on Monday. The stock has a market capitalization of $70.12, a price-to-earnings ratio of -0.92 and a beta of 0.70. Bellatrix Exploration has a 1-year low of C$1.37 and a 1-year high of C$5.70.
Bellatrix Exploration Company Profile
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.
Receive News & Ratings for Bellatrix Exploration Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bellatrix Exploration and related companies with MarketBeat.com's FREE daily email newsletter.