A number of other equities analysts have also recently weighed in on BXE. ValuEngine cut shares of Bellatrix Exploration from a hold rating to a sell rating in a research report on Tuesday, August 1st. Zacks Investment Research upgraded shares of Bellatrix Exploration from a strong sell rating to a hold rating in a research report on Monday, August 14th. Scotiabank restated a hold rating and set a $5.00 price objective on shares of Bellatrix Exploration in a research report on Tuesday, October 10th. Canaccord Genuity restated a hold rating and set a $3.75 price objective on shares of Bellatrix Exploration in a research report on Friday. Finally, Northland Securities reiterated a buy rating and issued a $4.50 target price on shares of Bellatrix Exploration in a research report on Friday. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $4.88.
Bellatrix Exploration (NYSE BXE) traded down $0.15 during trading hours on Friday, reaching $2.31. 167,400 shares of the company’s stock were exchanged, compared to its average volume of 83,780. 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 52 week low of $2.23 and a 52 week high of $5.35.
Several hedge funds and other institutional investors have recently modified their holdings of the company. First Eagle Investment Management LLC acquired a new stake in Bellatrix Exploration during the third quarter worth about $1,153,000. Proxima Capital Management LLC increased its position in Bellatrix Exploration by 12.6% during 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 purchasing an additional 605,000 shares during the last quarter. Finally, Signia Capital Management LLC increased its position in Bellatrix Exploration by 73.9% during 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 purchasing an additional 3,694,195 shares during the last quarter.
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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