Bellatrix Exploration Ltd (BXE) Price Target Increased to C$1.35 by Analysts at TD Securities

Bellatrix Exploration Ltd (TSE:BXE) (NYSE:BXE) had its target price hoisted by analysts at TD Securities from C$1.25 to C$1.35 in a report released on Thursday, May 11th. The brokerage presently has a “hold” rating on the stock. TD Securities’ target price suggests a potential upside of 62.65% from the company’s previous close.

A number of other analysts have also issued reports on the stock. Raymond James Financial, Inc. set a C$1.50 price target on shares of Bellatrix Exploration and gave the stock a “market perform” rating in a research note on Thursday, March 16th. Scotiabank reiterated a “sector perform” rating and set a C$1.40 price target on shares of Bellatrix Exploration in a research note on Thursday, March 16th. Finally, Canaccord Genuity upgraded shares of Bellatrix Exploration from a “hold” rating to a “speculatie buy” rating and cut their price target for the stock from C$1.60 to C$1.50 in a research note on Wednesday, March 8th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of C$1.60.

Analyst Recommendations for Bellatrix Exploration (TSE:BXE)

Bellatrix Exploration (TSE BXE) traded up 2.47% on Thursday, reaching $0.83. 128,459 shares of the company’s stock were exchanged. Bellatrix Exploration has a one year low of $0.79 and a one year high of $1.60. The stock’s market cap is $204.67 million. The firm has a 50 day moving average of $0.93 and a 200-day moving average of $1.07.

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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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