Bellatrix Exploration (BXE) Sets New 12-Month Low at $0.97

Bellatrix Exploration Ltd (NYSE:BXE) (TSE:BXE) hit a new 52-week low during trading on Wednesday . The company traded as low as $0.97 and last traded at $0.96, with a volume of 3389 shares changing hands. The stock had previously closed at $0.99.

A number of equities research analysts have issued reports on BXE shares. ValuEngine raised Bellatrix Exploration from a “strong sell” rating to a “sell” rating in a research report on Friday, June 1st. Zacks Investment Research raised Bellatrix Exploration from a “sell” rating to a “hold” rating in a research report on Monday, March 19th. Finally, AltaCorp Capital downgraded Bellatrix Exploration from a “sector perform” rating to an “underperform” rating in a research report on Friday, March 2nd. Five analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. Bellatrix Exploration currently has an average rating of “Hold” and an average price target of $2.93.

The company has a debt-to-equity ratio of 0.54, a current ratio of 0.83 and a quick ratio of 0.83. The stock has a market capitalization of $59.51 million, a price-to-earnings ratio of -0.72 and a beta of 0.78.

Bellatrix Exploration (NYSE:BXE) (TSE:BXE) last released its quarterly earnings results on Tuesday, May 8th. The oil and gas exploration company reported ($0.21) EPS for the quarter. Bellatrix Exploration had a negative return on equity of 6.26% and a negative net margin of 45.30%. The business had revenue of $51.03 million during the quarter. analysts predict that Bellatrix Exploration Ltd will post -0.89 earnings per share for the current fiscal year.

Several large investors have recently added to or reduced their stakes in BXE. Proxima Capital Management LLC lifted 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 worth $3,079,000 after acquiring an additional 515,000 shares in the last quarter. Deutsche Bank AG lifted 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 worth $734,000 after acquiring an additional 421,412 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of Bellatrix Exploration in the fourth quarter worth about $335,000. Institutional investors and hedge funds own 19.18% of the company’s stock.

Bellatrix Exploration Company Profile

Bellatrix Exploration Ltd., an oil and gas company, engages in the acquisition, exploration, development, and production of oil and natural gas reserves in the provinces of Alberta, British Columbia, and Saskatchewan in Canada. It primarily focuses on developing its two core resource plays, the Cardium and the Spirit River in Western Canada.

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