Shares of Bellatrix Exploration Ltd (NYSE:BXE) (TSE:BXE) have received a consensus recommendation of “Hold” from the eight ratings firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $7.50.

Several brokerages recently weighed in on BXE. ValuEngine downgraded shares of Bellatrix Exploration from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Zacks Investment Research downgraded shares of Bellatrix Exploration from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 11th. Finally, Clarus Securities reiterated a “hold” rating on shares of Bellatrix Exploration in a report on Thursday, May 11th.

Shares of Bellatrix Exploration (BXE) traded down 1.16% during mid-day trading on Tuesday, hitting $2.55. 89,127 shares of the stock were exchanged. The stock has a 50-day moving average price of $2.65 and a 200 day moving average price of $3.53. Bellatrix Exploration has a 52-week low of $2.24 and a 52-week high of $5.35. The firm’s market cap is $125.76 million.

Bellatrix Exploration (NYSE:BXE) (TSE:BXE) last issued its quarterly earnings results on Wednesday, May 10th. The oil and gas exploration company reported ($0.15) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.15). Bellatrix Exploration had a negative net margin of 14.50% and a negative return on equity of 3.84%. The company had revenue of $49.87 million for the quarter, compared to the consensus estimate of $48.80 million. On average, equities research analysts expect that Bellatrix Exploration will post ($0.30) earnings per share for the current year.

Institutional investors have recently modified their holdings of the company. Norges Bank acquired a new position in shares of Bellatrix Exploration during the fourth quarter valued at $857,000. Schroder Investment Management Group increased its position in shares of Bellatrix Exploration by 15.7% in the first quarter. Schroder Investment Management Group now owns 23,128,466 shares of the oil and gas exploration company’s stock valued at $24,054,000 after buying an additional 3,144,549 shares during the period. Finally, Signia Capital Management LLC increased its position in shares of Bellatrix Exploration by 173.0% in the first quarter. Signia Capital Management LLC now owns 4,998,937 shares of the oil and gas exploration company’s stock valued at $3,969,000 after buying an additional 3,167,927 shares during the period.

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Bellatrix Exploration Company Profile

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.

Analyst Recommendations for Bellatrix Exploration (NYSE:BXE)

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