Post by
HARJAY on May 09, 2018 9:21am
TD - target raised still a hold
TD Investment Conclusion
Although we continue to believe that the company's assets are solid, and we are encouraged by continued well results which have exceeded expectations, debt levels remain elevated. Our cash flow/production estimates are relatively unchanged; however, an increase in our NAV results in an increase in our target price to $1.75 (from $1.50 previously), and we reiterate our HOLD recommendation.
Comment by
market101a on May 09, 2018 10:24am
7 Wall Street analysts have issued 1-year price objectives for Bellatrix Exploration's stock. Their forecasts range from C$1.00 to C$4.00.