Raymond James Financial, Inc. Analysts Give Bellatrix Exploration Ltd (BXE) a C$1.50 Price Target

Raymond James Financial, Inc. set a C$1.50 price target on Bellatrix Exploration Ltd (TSE:BXE) (NYSE:BXE) in a research report released on Thursday. The brokerage currently has a market perform rating on the stock.

BXE has been the topic of several other reports. Scotiabank reiterated a sector perform rating and set a C$1.40 price objective on shares of Bellatrix Exploration in a research report on Wednesday, March 8th. Canaccord Genuity upgraded shares of Bellatrix Exploration from a hold rating to a speculatie buy rating and lowered their price objective for the stock from C$1.60 to C$1.50 in a research report on Wednesday, March 8th. Finally, TD Securities reiterated a hold rating and set a C$1.25 price objective on shares of Bellatrix Exploration in a research report on Tuesday, December 6th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of C$1.64.

Analyst Recommendations for Bellatrix Exploration (TSE:BXE)

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

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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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