Bellatrix Exploration Short Interest Down 20.1% in June (BXE)
Bellatrix Exploration (NYSE:BXE) was the target of a large decline in short interest in the month of June. As of June 30th, there was short interest totalling 261,794 shares, a decline of 20.1% from the June 13th total of 327,591 shares, AnalystRatingsNetwork.com reports. Currently, 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 345,693 shares, the short-interest ratio is currently 0.8 days.
Several analysts have recently commented on the stock. Analysts at Northland Securities reiterated an “outperform” rating on shares of Bellatrix Exploration in a research note on Monday, July 7th. They now have a $12.00 price target on the stock. Analysts at CIBC reiterated a “sector perform” rating on shares of Bellatrix Exploration in a research note on Tuesday, April 15th. They now have a $11.50 price target on the stock.
Shares of Bellatrix Exploration (NYSE:BXE) opened at 8.45 on Monday. Bellatrix Exploration has a 1-year low of $6.32 and a 1-year high of $10.70. The stock’s 50-day moving average is $8.71 and its 200-day moving average is $8.32. The company has a market cap of $1.462 billion and a price-to-earnings ratio of 13.17.
Bellatrix Exploration (NYSE:BXE) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.16 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.15 by $0.01. On average, analysts predict that Bellatrix Exploration will post $0.71 earnings per share for the current fiscal year.
Bellatrix Exploration Ltd. (NYSE:BXE) is a Canada-based oil and gas company.
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