Bellatrix Exploration (BXE) Reaches New 12-Month Low at $1.09

Bellatrix Exploration Ltd (NYSE:BXE) (TSE:BXE)’s share price hit a new 52-week low during trading on Thursday . The stock traded as low as $1.09 and last traded at $1.09, with a volume of 49346 shares traded. The stock had previously closed at $1.10.

Several brokerages have recently commented on BXE. Zacks Investment Research cut shares of Bellatrix Exploration from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 8th. Canaccord Genuity reaffirmed a “hold” rating and set a $3.75 price target on shares of Bellatrix Exploration in a research report on Friday, November 10th. Northland Securities reaffirmed a “buy” rating and set a $4.50 price target on shares of Bellatrix Exploration in a research report on Friday, November 10th. AltaCorp Capital cut shares of Bellatrix Exploration from an “outperform” rating to a “sector perform” rating in a research report on Friday, November 10th. Finally, BMO Capital Markets began coverage on shares of Bellatrix Exploration in a research report on Thursday, January 11th. They set an “underperform” rating on the stock. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $3.41.

The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.45. The stock has a market cap of $54.07, a PE ratio of 2.58 and a beta of 1.03.

Bellatrix Exploration (NYSE:BXE) (TSE:BXE) last issued its quarterly earnings results on Thursday, November 9th. The oil and gas exploration company reported ($0.19) EPS for the quarter, topping the consensus estimate of ($0.20) by $0.01. Bellatrix Exploration had a negative net margin of 21.02% and a negative return on equity of 1.66%. The business had revenue of $48.48 million for the quarter, compared to analysts’ expectations of $52.67 million. research analysts expect that Bellatrix Exploration Ltd will post -1.49 EPS for the current year.

A hedge fund recently bought a new stake in Bellatrix Exploration stock. First Eagle Investment Management LLC acquired a new position in shares of Bellatrix Exploration Ltd (NYSE:BXE) (TSE:BXE) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 406,000 shares of the oil and gas exploration company’s stock, valued at approximately $1,153,000. First Eagle Investment Management LLC owned 0.82% of Bellatrix Exploration as of its most recent SEC filing. 40.03% of the stock is owned by institutional investors and hedge funds.

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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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