Bellatrix Exploration Ltd (BXE) Earns Sector Perform Rating from Scotiabank

Scotiabank restated their sector perform rating on shares of Bellatrix Exploration Ltd (TSE:BXE) (NYSE:BXE) in a report issued on Thursday. Scotiabank currently has a C$1.40 price objective on the stock.

A number of other equities analysts also recently issued reports on BXE. TD Securities reaffirmed a hold rating and set a C$1.25 price objective on shares of Bellatrix Exploration in a report on Tuesday, December 6th. Canaccord Genuity raised shares of Bellatrix Exploration from a hold rating to a speculatie buy rating and cut their price objective for the stock from C$1.60 to C$1.50 in a report on Wednesday, March 8th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of C$1.64.

Analyst Recommendations for Bellatrix Exploration (TSE:BXE)

Bellatrix Exploration (TSE:BXE) opened at 1.00 on Thursday. Bellatrix Exploration has a 52-week low of $0.96 and a 52-week high of $1.68. The company’s market capitalization is $246.27 million. The company’s 50-day moving average is $1.04 and its 200-day moving average is $1.14.

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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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