Bellatrix Exploration Ltd (NYSE:BXE) (TSE:BXE)’s share price hit a new 52-week low during trading on Tuesday . The company traded as low as $2.22 and last traded at $2.31, with a volume of 167400 shares. The stock had previously closed at $2.46.
A number of equities analysts have commented on the stock. Scotiabank reissued a “hold” rating and issued a $5.00 price objective on shares of Bellatrix Exploration in a research note on Tuesday, October 10th. ValuEngine cut shares of Bellatrix Exploration from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Northland Securities reissued a “buy” rating and issued a $4.50 price objective on shares of Bellatrix Exploration in a research note on Friday. Zacks Investment Research cut shares of Bellatrix Exploration from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 8th. Finally, Canaccord Genuity reissued a “hold” rating and issued a $3.75 price objective on shares of Bellatrix Exploration in a research note on Friday. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $4.88.
The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.59 and a current ratio of 0.59.
Several institutional investors have recently added to or reduced their stakes in BXE. Signia Capital Management LLC lifted its holdings in shares of Bellatrix Exploration by 73.9% in the 2nd 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 acquiring an additional 3,694,195 shares during the last quarter. Proxima Capital Management LLC lifted its holdings in shares of Bellatrix Exploration by 12.6% in the 2nd 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 acquiring an additional 605,000 shares during the last quarter. Finally, First Eagle Investment Management LLC bought a new stake in shares of Bellatrix Exploration in the 3rd quarter worth about $1,153,000.
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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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