Bellatrix Exploration Ltd (NYSE:BXE) (TSE:BXE)‘s stock had its “hold” rating reaffirmed by analysts at Scotiabank in a report released on Tuesday. They currently have a $5.00 price target on the oil and gas exploration company’s stock. Scotiabank’s price objective indicates a potential upside of 83.15% from the stock’s current price.
Several other equities research analysts also recently weighed in on BXE. ValuEngine downgraded shares of Bellatrix Exploration from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Zacks Investment Research raised shares of Bellatrix Exploration from a “strong sell” rating to a “hold” rating in a research note on Monday, August 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $7.08.
Shares of Bellatrix Exploration (NYSE BXE) traded down 0.73% during trading on Tuesday, hitting $2.71. 7,256 shares of the stock were exchanged. The company’s market cap is $133.81 million. The stock’s 50 day moving average price is $2.63 and its 200-day moving average price is $3.03. Bellatrix Exploration has a one year low of $2.23 and a one year high of $5.35.
Bellatrix Exploration (NYSE:BXE) (TSE:BXE) last released 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 analysts’ consensus estimates of ($0.12) by ($0.10). Bellatrix Exploration had a negative net margin of 17.99% and a negative return on equity of 1.69%. The company had revenue of $50.32 million during the quarter, compared to analysts’ expectations of $49.59 million. On average, analysts predict that Bellatrix Exploration will post ($1.14) EPS for the current year.
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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% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,693,132 shares of the oil and gas exploration company’s stock after buying an additional 3,694,195 shares during the period. Bellatrix Exploration comprises 5.3% of Signia Capital Management LLC’s investment portfolio, making the stock its 6th largest holding. Signia Capital Management LLC owned approximately 17.63% of Bellatrix Exploration worth $5,039,000 as of its most recent SEC filing.
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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