Short Interest in Bellatrix Exploration Increases By 12.7% (BXE)
Bellatrix Exploration (NYSE:BXE) saw a significant growth in short interest in the month of August. As of August 15th, there was short interest totalling 621,989 shares, a growth of 12.7% from the July 31st total of 551,747 shares, ARN reports. Currently, 0.3% of the company’s stock are sold short. Based on an average daily volume of 453,962 shares, the days-to-cover ratio is presently 1.4 days.
BXE has been the subject of a number of recent research reports. Analysts at Scotiabank reiterated a “sector outperformer” rating on shares of Bellatrix Exploration in a research note on Friday, August 8th. They now have a $11.00 price target on the stock, down previously from $12.50. Separately, analysts at CIBC reiterated a “sector outperform” rating on shares of Bellatrix Exploration in a research note on Thursday, July 17th. They now have a $11.50 price target on the stock, down previously from $12.00. Finally, 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.
Bellatrix Exploration (NYSE:BXE) opened at 7.74 on Wednesday. Bellatrix Exploration has a 52-week low of $6.38 and a 52-week high of $10.70. The stock has a 50-day moving average of $7.71 and a 200-day moving average of $8.35. The company has a market cap of $1.481 billion and a P/E ratio of 10.84.
Bellatrix Exploration (NYSE:BXE) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.19 earnings per share (EPS) for the quarter. On average, analysts predict that Bellatrix Exploration will post $0.68 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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