Published On: Thu, Sep 22nd, 2016

FY2016 EPS Estimates for Bellatrix Exploration Ltd (BXE) Lifted by Analyst

Bellatrix Exploration Ltd (TSE:BXE) – Research analysts at Clarus Securities boosted their FY2016 EPS estimates for shares of Bellatrix Exploration in a research note issued on Tuesday. Clarus Securities analyst D. Choi now anticipates that the brokerage will post earnings per share of ($0.28) for the year, up from their prior estimate of ($0.29). Clarus Securities also issued estimates for Bellatrix Exploration’s FY2017 earnings at ($0.16) EPS.
Several other equities analysts have also commented on BXE. AltaCorp Capital reduced their price objective on Bellatrix Exploration from C$2.00 to C$1.60 and set an “overweight” rating on the stock in a research report on Thursday, August 11th. CIBC dropped their target price on Bellatrix Exploration from C$2.00 to C$1.65 in a report on Wednesday, August 10th. TD Securities cut Bellatrix Exploration from a “buy” rating to a “hold” rating in a report on Thursday, August 11th. Scotiabank reiterated a “sector perform” rating and issued a C$2.00 price objective on shares of Bellatrix Exploration in a report on Friday, July 8th. Finally, CSFB dropped their price objective on Bellatrix Exploration from C$1.50 to C$1.00 in a report on Friday, August 12th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of C$1.82.
Shares of Bellatrix Exploration (TSE:BXE) traded up 1.61% during midday trading on Thursday, reaching $1.26. The company’s stock had a trading volume of 1,579,482 shares. The company’s 50-day moving average price is $1.07 and its 200 day moving average price is $1.28. The company’s market capitalization is $299.26 million. Bellatrix Exploration has a 12-month low of $0.97 and a 12-month high of $2.92.

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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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