Bellatrix Exploration Ltd (BXE) Receives Consensus Rating of “Hold” from Analysts
Shares of Bellatrix Exploration Ltd (NYSE:BXE) (TSE:BXE) have received an average rating of “Hold” from the six research firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $7.08.
BXE has been the subject of a number of recent analyst reports. ValuEngine raised Bellatrix Exploration from a “sell” rating to a “hold” rating in a research report on Friday, July 7th. Scotiabank reissued a “hold” rating and set a $5.00 price objective on shares of Bellatrix Exploration in a research report on Tuesday, October 10th. Finally, Zacks Investment Research raised Bellatrix Exploration from a “strong sell” rating to a “hold” rating in a research report on Monday, August 14th.
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Bellatrix Exploration (NYSE BXE) remained flat at $2.41 on Friday. The stock had a trading volume of 65,856 shares. The company has a market cap of $119.00 million, a price-to-earnings ratio of 4.53 and a beta of 1.60. Bellatrix Exploration has a 52 week low of $2.23 and a 52 week high of $5.35. The stock has a 50-day moving average price of $2.68 and a 200 day moving average price of $2.96.
Bellatrix Exploration (NYSE:BXE) (TSE:BXE) last issued its quarterly earnings data on Thursday, August 10th. The oil and gas exploration company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.10). The business had revenue of $50.32 million for the quarter, compared to analyst estimates of $49.59 million. Bellatrix Exploration had a negative return on equity of 1.69% and a negative net margin of 17.99%. Equities research analysts forecast that Bellatrix Exploration will post ($1.14) earnings per share for the current year.
An institutional investor recently raised its position in Bellatrix Exploration stock. Signia Capital Management LLC increased its holdings in shares of Bellatrix Exploration Ltd (NYSE:BXE) (TSE:BXE) by 73.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,693,132 shares of the oil and gas exploration company’s stock after purchasing an additional 3,694,195 shares during the quarter. Bellatrix Exploration makes up approximately 5.3% of Signia Capital Management LLC’s portfolio, making the stock its 6th biggest position. Signia Capital Management LLC owned approximately 17.63% of Bellatrix Exploration worth $5,039,000 as of its most recent SEC filing.
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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