-$0.16 EPS Expected for Bellatrix Exploration Ltd (BXE) This Quarter
Analysts expect Bellatrix Exploration Ltd (NYSE:BXE) (TSE:BXE) to post ($0.16) earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Bellatrix Exploration’s earnings. The highest EPS estimate is ($0.14) and the lowest is ($0.17). Bellatrix Exploration reported earnings of ($0.25) per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 36%. The company is expected to announce its next quarterly earnings results on Wednesday, November 8th.
On average, analysts expect that Bellatrix Exploration will report full-year earnings of ($0.94) per share for the current year, with EPS estimates ranging from ($1.36) to ($0.26). For the next fiscal year, analysts anticipate that the business will post earnings of ($0.46) per share, with EPS estimates ranging from ($0.79) to ($0.15). Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that follow Bellatrix Exploration.
Bellatrix Exploration (NYSE:BXE) (TSE:BXE) last announced its quarterly earnings results on Thursday, August 10th. The oil and gas exploration company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by $0.10. The firm had revenue of $50.32 million during the quarter, compared to the consensus estimate of $49.59 million. Bellatrix Exploration had a negative return on equity of 1.69% and a negative net margin of 17.99%.
BXE has been the topic of several research reports. ValuEngine raised Bellatrix Exploration from a “sell” rating to a “hold” rating in a research report on Friday, July 7th. Zacks Investment Research raised Bellatrix Exploration from a “strong sell” rating to a “hold” rating in a research report on Monday, August 14th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $6.65.
Institutional investors have recently bought and sold shares of the business. Signia Capital Management LLC boosted its position in Bellatrix Exploration by 173.0% during the 1st 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 acquiring an additional 3,167,927 shares in the last quarter. Proxima Capital Management LLC boosted its position in Bellatrix Exploration by 12.6% during the 2nd quarter. Proxima Capital Management LLC now owns 5,405,000 shares of the oil and gas exploration company’s stock valued at $3,085,000 after acquiring an additional 605,000 shares in the last quarter. Finally, Schroder Investment Management Group boosted its position in Bellatrix Exploration by 15.7% during the 1st 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 acquiring an additional 3,144,549 shares in the last quarter.
Shares of Bellatrix Exploration (NYSE:BXE) traded down 1.20% on Friday, reaching $2.47. The company’s stock had a trading volume of 75,963 shares. Bellatrix Exploration has a 12-month low of $2.23 and a 12-month high of $5.35. The company’s 50 day moving average price is $2.42 and its 200 day moving average price is $3.21. The company’s market cap is $121.96 million.
About Bellatrix Exploration
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.
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