Bellatrix Exploration Ltd (NYSE:BXE) (TSE:BXE)‘s stock had its “buy” rating restated by research analysts at Northland Securities in a note issued to investors on Friday. They presently have a $4.50 price objective on the oil and gas exploration company’s stock. Northland Securities’ target price suggests a potential upside of 82.93% from the company’s previous close.
A number of other analysts also recently commented on BXE. ValuEngine downgraded Bellatrix Exploration from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Zacks Investment Research raised Bellatrix Exploration from a “strong sell” rating to a “hold” rating in a research report on Monday, August 14th. Scotiabank reaffirmed a “hold” rating and set a $5.00 price target on shares of Bellatrix Exploration in a research report on Tuesday, October 10th. Finally, Canaccord Genuity reaffirmed a “hold” rating and set a $3.75 price target on shares of Bellatrix Exploration in a research report on Friday. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. Bellatrix Exploration currently has an average rating of “Hold” and an average target price of $4.88.
Shares of Bellatrix Exploration (BXE) opened at $2.46 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.67 and a current ratio of 0.67. Bellatrix Exploration has a 52 week low of $2.23 and a 52 week high of $5.35.
Bellatrix Exploration (NYSE:BXE) (TSE:BXE) last issued its quarterly earnings results on Thursday, August 10th. The oil and gas exploration company reported ($0.22) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.12) by ($0.10). The business had revenue of $50.32 million for the quarter, compared to analysts’ expectations of $49.59 million. Bellatrix Exploration had a negative net margin of 21.02% and a negative return on equity of 1.65%. analysts anticipate that Bellatrix Exploration will post -1.3 EPS for the current fiscal year.
Large investors have recently added to or reduced their stakes in the business. First Eagle Investment Management LLC purchased a new stake in Bellatrix Exploration in the third quarter worth $1,153,000. Proxima Capital Management LLC increased its position in Bellatrix Exploration by 12.6% in the second quarter. Proxima Capital Management LLC now owns 5,405,000 shares of the oil and gas exploration company’s stock worth $3,085,000 after buying an additional 605,000 shares during the last quarter. Finally, Signia Capital Management LLC increased its position in Bellatrix Exploration by 73.9% in the second quarter. Signia Capital Management LLC now owns 8,693,132 shares of the oil and gas exploration company’s stock worth $5,039,000 after buying an additional 3,694,195 shares during the last quarter.
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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