Bellatrix Exploration Ltd (BXE) Set to Announce Earnings on Thursday
Bellatrix Exploration Ltd (NYSE:BXE) (TSE:BXE) will be releasing its earnings data before the market opens on Thursday, November 9th. Analysts expect Bellatrix Exploration to post earnings of ($0.20) per share for the quarter.
Bellatrix Exploration (NYSE:BXE) (TSE:BXE) last posted its quarterly earnings data on Thursday, August 10th. The oil and gas exploration company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.10). The company had revenue of $50.32 million for the quarter, compared to analysts’ expectations of $49.59 million. Bellatrix Exploration had a negative return on equity of 1.69% and a negative net margin of 17.99%. On average, analysts expect Bellatrix Exploration to post $-1.3 EPS for the current fiscal year and $-0.44 EPS for the next fiscal year.
Several research analysts have weighed in on the company. Scotiabank reaffirmed a “hold” rating and issued a $5.00 target price on shares of Bellatrix Exploration in a research report on Tuesday, October 10th. Zacks Investment Research raised Bellatrix Exploration from a “strong sell” rating to a “hold” rating in a research report on Monday, August 14th. Finally, ValuEngine lowered Bellatrix Exploration from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. Bellatrix Exploration presently has an average rating of “Hold” and a consensus price target of $7.08.
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.
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