Bellatrix Exploration (BXE) Shares Up -2.1%

Bellatrix Exploration Ltd (TSE:BXE) (NYSE:BXE) shares shot up 2.1% during mid-day trading on Monday . The company traded as high as C$1.96 and last traded at C$1.88. 473,504 shares were traded during trading, an increase of 10% from the average session volume of 431,502 shares. The stock had previously closed at C$1.92.

A number of research firms have issued reports on BXE. TD Securities reduced their target price on shares of Bellatrix Exploration from C$4.25 to C$4.00 and set a “hold” rating for the company in a research note on Friday, November 10th. Eight Capital reduced their target price on shares of Bellatrix Exploration from C$4.50 to C$4.00 in a research note on Monday, November 13th. Raymond James Financial reduced their target price on shares of Bellatrix Exploration from C$4.00 to C$3.75 in a research note on Tuesday, October 24th. AltaCorp Capital lowered shares of Bellatrix Exploration from an “outperform” rating to a “sector perform” rating in a research note on Friday, November 10th. Finally, National Bank Financial reduced their target price on shares of Bellatrix Exploration from C$4.00 to C$2.75 and set a “sector perform” rating for the company in a research note on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. The stock has an average rating of “Hold” and an average price target of C$2.44.

The stock has a market capitalization of $92.83, a P/E ratio of -1.32 and a beta of 1.14.

Bellatrix Exploration (TSE:BXE) (NYSE:BXE) last issued its quarterly earnings results on Thursday, November 9th. The company reported C($0.24) earnings per share for the quarter, hitting analysts’ consensus estimates of C($0.24). Bellatrix Exploration had a negative net margin of 49.98% and a negative return on equity of 11.12%.

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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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