Bellatrix Exploration Ltd (BXE) Reaches $2.19 Low on Nov, 14; 8 Bullish Analysts Covering Nasdaq (NDAQ)

November 14, 2017 - By Kurt Siggers

The stock of Bellatrix Exploration Ltd (NYSE:BXE) reached all time low today, Nov, 14 and still has $2.06 target or 6.00% below today’s $2.19 share price. This indicates more downside for the $114.06M company. This technical setup was reported by Barchart.com. If the $2.06 PT is reached, the company will be worth $6.84M less. About 107,894 shares traded or 73.24% up from the average. Bellatrix Exploration Ltd (NYSE:BXE) has declined 27.42% since November 14, 2016 and is downtrending. It has underperformed by 44.12% the S&P500.

Among 17 analysts covering NASDAQ OMX Group (NASDAQ:NDAQ), 8 have Buy rating, 1 Sell and 8 Hold. Therefore 47% are positive. NASDAQ OMX Group had 51 analyst reports since August 9, 2015 according to SRatingsIntel. The stock of Nasdaq Inc (NASDAQ:NDAQ) earned “Outperform” rating by Raymond James on Wednesday, March 23. The firm has “Buy” rating given on Friday, October 23 by Deutsche Bank. UBS reinitiated Nasdaq Inc (NASDAQ:NDAQ) on Tuesday, January 12 with “Buy” rating. The stock of Nasdaq Inc (NASDAQ:NDAQ) earned “Overweight” rating by Barclays Capital on Tuesday, April 12. The firm has “Hold” rating given on Tuesday, October 10 by Keefe Bruyette & Woods. The firm earned “Hold” rating on Tuesday, August 22 by Jefferies. As per Thursday, October 26, the company rating was maintained by Barclays Capital. The rating was maintained by Jefferies with “Hold” on Wednesday, October 11. The company was maintained on Friday, April 1 by Barclays Capital. The company was maintained on Wednesday, October 5 by Deutsche Bank. See Nasdaq Inc (NASDAQ:NDAQ) latest ratings:

26/10/2017 Broker: Barclays Capital Rating: Overweight Old Target: $85 New Target: $84 Maintain
19/10/2017 Broker: Citigroup Rating: Neutral Old Target: $75 New Target: $82 Maintain
16/10/2017 Broker: RBC Capital Markets Rating: Hold New Target: $78.0 Maintain
11/10/2017 Broker: Jefferies Rating: Hold New Target: $71.0 Maintain
10/10/2017 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $78.0 Maintain
09/10/2017 Broker: Bank of America Old Rating: Neutral New Rating: Underperform Old Target: $77 New Target: $75 Downgrade
21/09/2017 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $76.0 Maintain
11/09/2017 Broker: RBC Capital Markets Rating: Hold New Target: $76.0 Maintain
08/09/2017 Broker: Barclays Capital Rating: Overweight New Target: $85 Initiates Coverage On
22/08/2017 Broker: Jefferies Rating: Hold New Target: $71.0 Maintain

Bellatrix Exploration Ltd. is an oil and gas exploration firm 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 has market cap of $114.06 million. The Company’s properties include Ferrier, Willesden Green, Greater Pembina, Strachan and Harmattan. It has a 5.15 P/E ratio. Ferrier is located over 30 kilometers northwest of Rocky Mountain House, Alberta.

Among 4 analysts covering Bellatrix Exploration Ltd (NYSE:BXE), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Bellatrix Exploration Ltd has $4.5 highest and $1.85 lowest target. $2.98’s average target is 36.07% above currents $2.19 stock price. Bellatrix Exploration Ltd had 9 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Hold” rating by Zacks given on Monday, August 10. The stock of Bellatrix Exploration Ltd (NYSE:BXE) has “Outperform” rating given on Friday, November 6 by National Bank Canada. Northland Capital maintained Bellatrix Exploration Ltd (NYSE:BXE) on Friday, November 10 with “Buy” rating.

Analysts await Bellatrix Exploration Ltd (NYSE:BXE) to report earnings on March, 21. They expect $-0.09 EPS, down 125.71% or $0.44 from last year’s $0.35 per share. After $-0.19 actual EPS reported by Bellatrix Exploration Ltd for the previous quarter, Wall Street now forecasts -52.63% EPS growth.

About 713,708 shares traded. Nasdaq Inc (NASDAQ:NDAQ) has risen 6.98% since November 14, 2016 and is uptrending. It has underperformed by 9.72% the S&P500.

Nasdaq, Inc. is a holding company. The company has market cap of $12.62 billion. The Firm is a well-known provider of trading, clearing, exchange technology, regulatory, securities listing, information and public firm services. It has a 49.99 P/E ratio. It manages, operates and provides its services and products through four divisions: Market Services, Corporate Services, Information Services and Market Technology.

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