Bellatrix Exploration (BXE) Rating Lowered to Sell at Zacks Investment Research

Bellatrix Exploration (NYSE:BXE) (TSE:BXE) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Wednesday.

According to Zacks, “Bellatrix Exploration Ltd. is an oil and gas 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. Bellatrix Exploration Ltd. is headquartered in Calgary, Canada. “

A number of other analysts also recently issued reports on the stock. AltaCorp Capital reiterated a “hold” rating and issued a $1.90 price objective on shares of Bellatrix Exploration in a report on Monday, January 15th. BMO Capital Markets began coverage on shares of Bellatrix Exploration in a report on Thursday, January 11th. They issued an “underperform” rating on the stock. Raymond James Financial downgraded shares of Bellatrix Exploration from a “market perform” rating to an “underperform” rating in a report on Thursday, December 14th. UBS Group downgraded shares of Bellatrix Exploration from a “market perform” rating to an “underperform” rating in a report on Thursday, December 14th. Finally, Northland Securities set a $3.00 price objective on shares of Bellatrix Exploration and gave the company a “buy” rating in a report on Monday, December 11th. Five investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $3.41.

Bellatrix Exploration (BXE) traded up $0.02 during midday trading on Wednesday, hitting $1.32. 253,171 shares of the stock were exchanged, compared to its average volume of 175,376. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.45. Bellatrix Exploration has a 12 month low of $0.99 and a 12 month high of $4.25. The firm has a market capitalization of $58.76, a P/E ratio of -1.55 and a beta of 1.03.

Hedge funds and other institutional investors have recently bought and sold shares of the company. First Eagle Investment Management LLC acquired a new stake in shares of Bellatrix Exploration in the third quarter valued at approximately $1,153,000. Proxima Capital Management LLC grew its stake in shares of Bellatrix Exploration by 40.1% in the fourth quarter. Proxima Capital Management LLC now owns 1,800,000 shares of the oil and gas exploration company’s stock valued at $3,079,000 after buying an additional 515,000 shares in the last quarter. Deutsche Bank AG grew its stake in shares of Bellatrix Exploration by 7,718.2% in the fourth quarter. Deutsche Bank AG now owns 426,872 shares of the oil and gas exploration company’s stock valued at $734,000 after buying an additional 421,412 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new position in shares of Bellatrix Exploration in the fourth quarter valued at $335,000. Institutional investors own 39.22% of the company’s stock.

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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.

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