Equities Analysts Set Expectations for Bellatrix Exploration Ltd’s FY2019 Earnings (BXE)

Bellatrix Exploration Ltd (TSE:BXE) (NYSE:BXE) – Equities researchers at Cormark issued their FY2019 earnings per share (EPS) estimates for shares of Bellatrix Exploration in a research report issued on Friday. Cormark analyst G. Ursu expects that the company will post earnings of ($0.58) per share for the year.

BXE has been the topic of several other research reports. TD Securities increased their price target on shares of Bellatrix Exploration from C$1.25 to C$1.35 and gave the stock a “hold” rating in a research note on Thursday, May 11th. CSFB restated a “neutral” rating and set a C$1.00 price target on shares of Bellatrix Exploration in a research note on Monday, May 15th. Canaccord Genuity lowered shares of Bellatrix Exploration from a “speculative buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Finally, National Bank Financial lowered shares of Bellatrix Exploration to a “sector perform” rating in a research note on Friday, June 23rd. Six equities research analysts have rated the stock with a hold rating, Bellatrix Exploration has an average rating of “Hold” and an average target price of C$1.37.

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Bellatrix Exploration (BXE) traded down 2.25% during trading on Monday, hitting $3.04. 33,345 shares of the company traded hands. The firm has a 50 day moving average of $2.93 and a 200 day moving average of $1.47. The firm’s market cap is $150.34 million. Bellatrix Exploration has a one year low of $2.90 and a one year high of $6.95.

In related news, Director John Cuthbertson purchased 100,000 shares of Bellatrix Exploration stock in a transaction on Monday, July 10th. The stock was purchased at an average cost of C$0.74 per share, with a total value of C$74,000.00. Also, Director Thomas Edward Macinnis purchased 10,000 shares of Bellatrix Exploration stock in a transaction on Monday, July 17th. The stock was bought at an average cost of C$3.03 per share, with a total value of C$30,300.00. Over the last ninety days, insiders have purchased 365,800 shares of company stock valued at $161,624.

About Bellatrix Exploration

Bellatrix Exploration Ltd., an oil and gas company, engages in the acquisition, exploration, development, and production of oil and natural gas reserves in the provinces of Alberta, British Columbia, and Saskatchewan in Canada. It primarily focuses on developing its two core resource plays, the Cardium and the Notikewin/Falher intervals in Western Canada.

Earnings History and Estimates for Bellatrix Exploration (TSE:BXE)

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