Bellatrix Exploration (TSE:BXE) (NYSE:BXE) had its price target reduced by National Bank Financial from C$2.75 to C$2.25 in a research report issued on Wednesday. The brokerage presently has a “sector perform” rating on the stock. National Bank Financial’s target price suggests a potential upside of 63.04% from the company’s previous close.
A number of other equities analysts have also commented on BXE. TD Securities cut their price objective on Bellatrix Exploration from C$4.00 to C$3.25 and set a “hold” rating on the stock in a research note on Friday, December 15th. BMO Capital Markets set a C$1.90 price objective on Bellatrix Exploration and gave the stock an “underperform” rating in a research note on Thursday, January 11th. Raymond James Financial cut their price objective on Bellatrix Exploration from C$1.75 to C$1.50 in a research note on Monday, February 5th. AltaCorp Capital lowered Bellatrix Exploration from a “sector perform” rating to an “underperform” rating in a research note on Friday, March 2nd. Finally, Canaccord Genuity cut their price objective on Bellatrix Exploration from C$2.25 to C$1.75 in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. Bellatrix Exploration presently has an average rating of “Hold” and a consensus target price of C$2.01.
Bellatrix Exploration (TSE:BXE) opened at C$1.38 on Wednesday. The company has a market capitalization of $68.14, a P/E ratio of -0.73 and a beta of 0.61. Bellatrix Exploration has a 12 month low of C$1.24 and a 12 month high of C$5.65.
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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.
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