Bellatrix Exploration Ltd (NYSE:BXE) (TSE:BXE)‘s stock had its “hold” rating reiterated by investment analysts at Clarus Securities in a research note issued on Thursday, May 11th.
A number of other analysts have also recently weighed in on the stock. Zacks Investment Research raised shares of Bellatrix Exploration from a “hold” rating to a “buy” rating and set a $0.75 price target for the company in a research report on Tuesday, March 21st. Canaccord Genuity raised shares of Bellatrix Exploration from a “hold” rating to a “buy” rating and set a $2.00 price objective for the company in a research report on Wednesday, March 8th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $1.59.
Bellatrix Exploration (NYSE BXE) opened at 0.6202 on Thursday. The stock’s market capitalization is $152.93 million. Bellatrix Exploration has a 12-month low of $0.59 and a 12-month high of $1.25. The company has a 50-day moving average price of $0.69 and a 200-day moving average price of $0.80. Bellatrix Exploration shares are set to reverse split on Thursday, July 6th. The 1-5 reverse split was announced on Wednesday, May 17th. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, July 5th.
Bellatrix Exploration (NYSE:BXE) (TSE:BXE) last announced its quarterly earnings results on Wednesday, May 10th. The oil and gas exploration company reported ($0.03) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.03). Bellatrix Exploration had a negative net margin of 14.50% and a negative return on equity of 3.84%. The firm had revenue of $49.87 million during the quarter, compared to analysts’ expectations of $48.80 million. On average, equities research analysts forecast that Bellatrix Exploration will post ($0.06) earnings per share for the current year.
Institutional investors have recently bought and sold shares of the stock. Schroder Investment Management Group boosted its position in Bellatrix Exploration by 15.7% in the first quarter. Schroder Investment Management Group now owns 23,128,466 shares of the oil and gas exploration company’s stock worth $24,054,000 after buying an additional 3,144,549 shares during the last quarter. Oaktree Capital Management LP bought a new position in shares of Bellatrix Exploration during the third quarter valued at approximately $9,974,000. Norges Bank bought a new position in shares of Bellatrix Exploration during the fourth quarter valued at approximately $857,000. Anson Funds Management LP boosted its position in shares of Bellatrix Exploration by 41.7% in the third quarter. Anson Funds Management LP now owns 12,250,000 shares of the oil and gas exploration company’s stock valued at $13,843,000 after buying an additional 3,606,500 shares during the last quarter. Finally, Guardian Capital LP boosted its position in shares of Bellatrix Exploration by 25.6% in the fourth quarter. Guardian Capital LP now owns 555,200 shares of the oil and gas exploration company’s stock valued at $529,000 after buying an additional 113,000 shares during the last quarter. 46.10% of the stock is owned by institutional investors.
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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